StockNews.com Downgrades Sally Beauty (NYSE:SBH) to Hold

Sally Beauty (NYSE:SBH) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts have also weighed in on the company. Piper Sandler lowered their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. DA Davidson reiterated a “neutral” rating and issued a $12.00 target price on shares of Sally Beauty in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and a consensus price target of $11.00.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $12.65 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69. The stock’s fifty day moving average price is $10.86 and its 200-day moving average price is $11.47. The firm has a market cap of $1.30 billion, a P/E ratio of 8.61 and a beta of 1.54. Sally Beauty has a 12 month low of $7.21 and a 12 month high of $13.91.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The business had revenue of $942.30 million for the quarter, compared to the consensus estimate of $931.77 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Sally Beauty will post 1.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 1,401 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Sally Beauty by 168.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 2,829 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty in the first quarter valued at about $64,000. Quest Partners LLC increased its holdings in Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after buying an additional 7,243 shares during the period. Finally, Algert Global LLC purchased a new position in Sally Beauty during the 2nd quarter worth approximately $113,000.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.