Wall Street Zen Downgrades Sally Beauty (NYSE:SBH) to Hold

Wall Street Zen lowered shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research note released on Thursday morning.

Separately, DA Davidson decreased their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sally Beauty currently has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Stock Up 1.5%

Shares of NYSE:SBH opened at $8.85 on Thursday. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The stock has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $10.28. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $14.79. The stock has a market capitalization of $892.91 million, a price-to-earnings ratio of 5.30 and a beta of 1.33.

Sally Beauty (NYSE:SBH) last issued its earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $883.15 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Sally Beauty by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock worth $27,228,000 after acquiring an additional 59,478 shares during the period. M&T Bank Corp raised its stake in Sally Beauty by 127.4% during the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer’s stock valued at $672,000 after buying an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Sally Beauty in the 4th quarter worth $3,177,000. Vanguard Group Inc. boosted its stake in shares of Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock worth $129,880,000 after buying an additional 279,222 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after acquiring an additional 56,879 shares during the period.

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.