Sally Beauty Holdings, Inc. (NYSE:SBH) Given Average Recommendation of “Buy” by Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.70.

SBH has been the subject of a number of recent research reports. StockNews.com initiated coverage on Sally Beauty in a research note on Thursday, March 31st. They set a “buy” rating for the company. DA Davidson cut their price objective on Sally Beauty from $22.00 to $19.50 in a research note on Friday, February 4th.

Shares of NYSE SBH traded down $0.17 during midday trading on Monday, hitting $15.77. 16,818 shares of the company’s stock traded hands, compared to its average volume of 1,458,413. Sally Beauty has a 1 year low of $14.92 and a 1 year high of $25.66. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 7.16 and a beta of 1.42. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.60 and a current ratio of 2.08. The firm has a fifty day moving average of $16.58 and a 200 day moving average of $17.63.

Sally Beauty (NYSE:SBHGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The specialty retailer reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $980.00 million during the quarter, compared to analyst estimates of $993.34 million. Sally Beauty had a net margin of 6.42% and a return on equity of 125.54%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities analysts anticipate that Sally Beauty will post 2.54 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its stake in Sally Beauty by 43.4% in the 3rd quarter. US Bancorp DE now owns 1,881 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 569 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Sally Beauty by 65.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,001 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 794 shares during the last quarter. Huntington National Bank boosted its position in shares of Sally Beauty by 39.8% during the 4th quarter. Huntington National Bank now owns 3,768 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 1,072 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Sally Beauty during the 4th quarter valued at approximately $89,000. Finally, Neo Ivy Capital Management bought a new position in shares of Sally Beauty during the 4th quarter valued at approximately $99,000.

About Sally Beauty (Get Rating)

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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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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