Brokerages Set Sally Beauty Holdings, Inc. (NYSE:SBH) PT at $13.50

Sally Beauty Holdings, Inc. (NYSE:SBH) has received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.50.

Several brokerages recently weighed in on SBH. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th.

Insider Buying and Selling

In other news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sally Beauty

A number of large investors have recently added to or reduced their stakes in SBH. Quarry LP boosted its position in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty in the 3rd quarter valued at approximately $64,000. Quest Partners LLC boosted its position in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 7,243 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Sally Beauty during the 3rd quarter worth approximately $94,000. Finally, Algert Global LLC bought a new position in shares of Sally Beauty during the 2nd quarter worth approximately $113,000.

Sally Beauty Stock Down 0.6 %

Shares of SBH opened at $10.73 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.45 and a beta of 1.56. Sally Beauty has a 52 week low of $9.06 and a 52 week high of $14.79. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The business’s fifty day moving average price is $12.49 and its two-hundred day moving average price is $12.21.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, analysts predict that Sally Beauty will post 1.85 earnings per share for the current year.

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.