Sally Beauty (NYSE:SBH) Sets New 12-Month High – Should You Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $17.98 and last traded at $17.8180, with a volume of 73,238 shares. The stock had previously closed at $17.41.

Wall Street Analysts Forecast Growth

SBH has been the topic of several analyst reports. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. TD Cowen began coverage on shares of Sally Beauty in a report on Friday. They set a “strong-buy” rating for the company. Finally, Weiss Ratings lowered shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.40.

Sally Beauty Stock Performance

The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.70 billion, a P/E ratio of 9.47 and a beta of 1.03. The company’s 50 day moving average is $16.54 and its 200-day moving average is $15.08.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The firm had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBH. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Sally Beauty by 40.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 2,214 shares during the last quarter. Access Investment Management LLC raised its holdings in shares of Sally Beauty by 1.3% in the 3rd quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock worth $9,427,000 after acquiring an additional 7,380 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Sally Beauty by 101.9% in the 3rd quarter. Signaturefd LLC now owns 5,802 shares of the specialty retailer’s stock worth $95,000 after acquiring an additional 2,929 shares during the last quarter. RWC Asset Management LLP bought a new position in Sally Beauty in the 3rd quarter valued at about $165,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Sally Beauty in the 3rd quarter valued at about $210,000.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.

Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.