Other equities analysts have also recently issued reports about the company. Cowen reduced their target price on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. TheStreet cut Sally Beauty from a “b-” rating to a “c+” rating in a research note on Thursday, June 23rd. Oppenheimer cut Sally Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 5th. Morgan Stanley lowered Sally Beauty from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $19.00 to $12.00 in a research report on Thursday, June 16th. Finally, Raymond James lowered Sally Beauty from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.70.
Sally Beauty Trading Up 1.0 %
NYSE SBH opened at $13.74 on Friday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.60 and a quick ratio of 0.59. Sally Beauty has a 12 month low of $11.28 and a 12 month high of $21.86. The company has a market cap of $1.47 billion, a P/E ratio of 6.74 and a beta of 1.38. The company has a 50-day moving average of $13.19 and a 200-day moving average of $15.18.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The company had revenue of $961.47 million during the quarter, compared to analysts’ expectations of $950.97 million. Sally Beauty had a return on equity of 90.85% and a net margin of 5.99%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. As a group, equities analysts predict that Sally Beauty will post 2.26 earnings per share for the current year.
Institutional Investors Weigh In On Sally Beauty
Several large investors have recently added to or reduced their stakes in the stock. Polaris Capital Management LLC acquired a new position in shares of Sally Beauty during the first quarter valued at $45,611,000. Fisher Asset Management LLC increased its holdings in shares of Sally Beauty by 97.2% during the fourth quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock valued at $67,003,000 after purchasing an additional 1,789,399 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Sally Beauty by 408.2% during the first quarter. New York State Common Retirement Fund now owns 412,710 shares of the specialty retailer’s stock valued at $6,451,000 after purchasing an additional 331,496 shares during the period. Federated Hermes Inc. increased its holdings in shares of Sally Beauty by 79.3% during the first quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer’s stock valued at $9,941,000 after purchasing an additional 281,243 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Sally Beauty by 6.7% during the first quarter. Principal Financial Group Inc. now owns 3,031,516 shares of the specialty retailer’s stock valued at $47,383,000 after purchasing an additional 189,583 shares during the period.
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 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.
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