Sally Beauty (NYSE:SBH – Get Free Report) had its price target dropped by equities researchers at Piper Sandler from $17.00 to $16.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Piper Sandler’s price target suggests a potential upside of 29.71% from the stock’s previous close.
A number of other analysts also recently weighed in on SBH. DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st.
Check Out Our Latest Analysis on Sally Beauty
Sally Beauty Price Performance
Shares of SBH opened at $12.34 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 7.86 and a beta of 1.47. Sally Beauty has a 1-year low of $7.21 and a 1-year high of $15.93. The company’s fifty day simple moving average is $12.56 and its 200 day simple moving average is $10.79. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97.
Sally Beauty (NYSE:SBH – Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $931.30 million during the quarter, compared to analysts’ expectations of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, research analysts forecast that Sally Beauty will post 1.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sally Beauty
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Sally Beauty by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock worth $183,057,000 after purchasing an additional 52,343 shares in the last quarter. Auxier Asset Management grew its stake in Sally Beauty by 18.7% in the fourth quarter. Auxier Asset Management now owns 90,427 shares of the specialty retailer’s stock worth $1,201,000 after purchasing an additional 14,271 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Sally Beauty by 16.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,808 shares of the specialty retailer’s stock worth $888,000 after acquiring an additional 9,574 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sally Beauty by 299.9% during the fourth quarter. Barclays PLC now owns 298,726 shares of the specialty retailer’s stock valued at $3,967,000 after purchasing an additional 224,027 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in Sally Beauty by 40.2% in the fourth quarter. Vident Advisory LLC now owns 20,378 shares of the specialty retailer’s stock valued at $271,000 after acquiring an additional 5,845 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.
Further Reading
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