Several other equities research analysts have also recently weighed in on the company. DA Davidson dropped their price objective on Sally Beauty from $14.50 to $11.50 and set a “neutral” rating for the company in a report on Monday, November 14th. Piper Sandler assumed coverage on Sally Beauty in a report on Thursday, December 15th. They issued an “overweight” rating and a $15.00 price objective for the company. Finally, Morgan Stanley lowered their target price on Sally Beauty to $10.00 in a research note on Wednesday, November 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.10.
Sally Beauty Trading Up 2.5 %
SBH traded up $0.35 on Tuesday, hitting $14.59. 1,234,398 shares of the company were exchanged, compared to its average volume of 1,555,192. The firm has a fifty day simple moving average of $12.31 and a two-hundred day simple moving average of $13.09. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.29 and a current ratio of 1.70. Sally Beauty has a 12 month low of $10.95 and a 12 month high of $19.08. The stock has a market capitalization of $1.56 billion, a PE ratio of 8.84 and a beta of 1.19.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 83.29% and a net margin of 4.81%. The business had revenue of $962.46 million during the quarter, compared to analysts’ expectations of $943.88 million. Sell-side analysts expect that Sally Beauty will post 1.88 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its stake in Sally Beauty by 0.8% during the first quarter. Yousif Capital Management LLC now owns 103,797 shares of the specialty retailer’s stock valued at $1,622,000 after buying an additional 785 shares during the last quarter. Auxier Asset Management increased its holdings in shares of Sally Beauty by 1.3% in the 2nd quarter. Auxier Asset Management now owns 80,336 shares of the specialty retailer’s stock worth $958,000 after purchasing an additional 1,000 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Sally Beauty by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,037 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 1,091 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Sally Beauty by 34.2% in the 1st quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer’s stock worth $79,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Sally Beauty by 146.0% in the 2nd quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 1,438 shares in the last quarter.
About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply (SBS) and Beauty Systems Group (BSG). The SBS segment offers beauty products, including hair color and care products, styling tools, skin and nail care products, cosmetics, and other beauty products for retail customers and salon professionals through retail stores and digital platforms.
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