Sally Beauty (NYSE:SBH) had its target price decreased by investment analysts at Buckingham Research from $18.00 to $15.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the specialty retailer’s stock. Buckingham Research’s price target would suggest a potential downside of 0.73% from the company’s previous close.

A number of other research analysts have also commented on the stock. DA Davidson upgraded shares of Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Sally Beauty in a research report on Monday, October 16th. Zacks Investment Research cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Morgan Stanley cut shares of Sally Beauty from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, November 8th. Finally, Oppenheimer restated a “hold” rating on shares of Sally Beauty in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.36.

Shares of Sally Beauty (NYSE:SBH) traded down $0.19 during mid-day trading on Tuesday, hitting $15.11. 442,630 shares of the stock traded hands, compared to its average volume of 2,026,251. The company has a debt-to-equity ratio of -4.87, a quick ratio of 0.42 and a current ratio of 2.04. Sally Beauty has a 12 month low of $14.05 and a 12 month high of $23.84. The stock has a market cap of $2,032.31, a price-to-earnings ratio of 9.75, a P/E/G ratio of 1.53 and a beta of 0.42.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The company had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $989.96 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. equities research analysts anticipate that Sally Beauty will post 1.99 earnings per share for the current fiscal year.

In related news, Director Edward W. Rabin bought 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $15.49 per share, with a total value of $58,087.50. Following the completion of the purchase, the director now owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.48% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SBH. Burgundy Asset Management Ltd. bought a new position in Sally Beauty during the second quarter valued at $51,787,000. Lord Abbett & CO. LLC bought a new position in Sally Beauty during the second quarter valued at $21,406,000. Alyeska Investment Group L.P. lifted its position in Sally Beauty by 92.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,579,143 shares of the specialty retailer’s stock valued at $30,920,000 after purchasing an additional 756,533 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Sally Beauty by 109.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,322,076 shares of the specialty retailer’s stock valued at $26,772,000 after purchasing an additional 689,635 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Sally Beauty by 75.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,409,898 shares of the specialty retailer’s stock valued at $28,551,000 after purchasing an additional 608,282 shares during the last quarter.

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Sally Beauty Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Analyst Recommendations for Sally Beauty (NYSE:SBH)

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