Brokerages Set Sally Beauty Holdings, Inc. (NYSE:SBH) Target Price at $12.70

Sally Beauty Holdings, Inc. (NYSE:SBH) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.70.

A number of research analysts recently commented on the company. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Finally, DA Davidson reduced their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning lifted its stake in Sally Beauty by 9.7% during the third quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 3,349 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Sally Beauty by 3.2% during the third quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock worth $2,000,000 after purchasing an additional 4,525 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after purchasing an additional 10,016 shares during the last quarter. Empowered Funds LLC lifted its stake in Sally Beauty by 5.4% during the third quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock worth $4,511,000 after purchasing an additional 16,884 shares during the last quarter. Finally, LMR Partners LLP bought a new position in Sally Beauty during the third quarter worth $157,000.

Sally Beauty Price Performance

Shares of SBH stock opened at $9.00 on Friday. The company has a market capitalization of $917.08 million, a PE ratio of 5.39 and a beta of 1.55. The firm has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $12.07. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty has a twelve month low of $8.81 and a twelve month high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Equities research analysts anticipate that Sally Beauty will post 1.81 earnings per share for the current fiscal 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.