Sally Beauty (NYSE:SBH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sally Beauty (NYSE:SBH – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the specialty retailer’s stock.

Several other equities research analysts also recently issued reports on SBH. Piper Sandler began coverage on Sally Beauty in a research report on Thursday, December 15th. They set an overweight rating and a $15.00 target price on the stock. Morgan Stanley increased their price objective on Sally Beauty from $10.00 to $12.00 and gave the stock an underweight rating in a research report on Friday, February 3rd. DA Davidson increased their price objective on Sally Beauty from $11.50 to $17.00 and gave the stock a neutral rating in a research report on Monday, February 6th. Finally, Cowen increased their price objective on Sally Beauty from $14.00 to $19.00 and gave the stock a market perform rating in a research report on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $16.00.

Sally Beauty Trading Down 3.4 %

NYSE:SBH opened at $14.35 on Thursday. The company has a market cap of $1.54 billion, a P/E ratio of 9.50 and a beta of 1.30. The stock’s fifty day moving average price is $15.77 and its two-hundred day moving average price is $13.82. Sally Beauty has a 1 year low of $10.95 and a 1 year high of $18.42. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.80 and a quick ratio of 0.34.

Sally Beauty (NYSE:SBH – Get Rating) last posted its earnings results on Thursday, February 2nd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $957.06 million for the quarter, compared to the consensus estimate of $921.74 million. Sally Beauty had a return on equity of 72.24% and a net margin of 4.35%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, analysts expect that Sally Beauty will post 1.88 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark Gregory Spinks sold 35,456 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $17.18, for a total value of $609,134.08. Following the sale, the insider now directly owns 38,313 shares of the company’s stock, valued at $658,217.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.97% of the stock is owned by insiders.

Institutional Trading of Sally Beauty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Sally Beauty by 143.5% in the third quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after buying an additional 1,289 shares during the period. State of Wyoming purchased a new stake in Sally Beauty in the fourth quarter worth about $32,000. Captrust Financial Advisors lifted its holdings in Sally Beauty by 27.1% in the second quarter. Captrust Financial Advisors now owns 6,402 shares of the specialty retailer’s stock worth $76,000 after buying an additional 1,366 shares during the period. UBS Group AG lifted its holdings in shares of Sally Beauty by 69.7% during the third quarter. UBS Group AG now owns 6,761 shares of the specialty retailer’s stock valued at $85,000 after purchasing an additional 2,777 shares during the last quarter. Finally, Clear Street Markets LLC purchased a new position in shares of Sally Beauty during the fourth quarter valued at approximately $97,000.

Sally Beauty Company Profile

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Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers domestic and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.