Sally Beauty (NYSE:SBH) Stock Price Down 5.7% – What’s Next?

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) fell 5.7% on Tuesday . The company traded as low as $7.94 and last traded at $7.98. 1,101,149 shares changed hands during trading, a decline of 36% from the average session volume of 1,730,122 shares. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Trading Down 5.4 %

The company has a 50 day moving average of $8.99 and a two-hundred day moving average of $11.13. The stock has a market capitalization of $816.14 million, a PE ratio of 4.79 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Trading of Sally Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake 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 purchasing an additional 56,879 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after buying an additional 43,016 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Sally Beauty by 5.4% in the third quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock worth $1,299,000 after acquiring an additional 5,296 shares during the period. DGS Capital Management LLC boosted its stake in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after acquiring an additional 2,575 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Sally Beauty by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock valued at $7,190,000 after purchasing an additional 19,153 shares in the last quarter.

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.