Sally Beauty (NYSE:SBH) Stock Rating Lowered by Oppenheimer

Sally Beauty (NYSE:SBHGet Rating) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, The Fly reports.

Other research analysts also recently issued research reports about the stock. StockNews.com assumed coverage on shares of Sally Beauty in a research report on Thursday, March 31st. They set a “buy” rating on the stock. DA Davidson reduced their price objective on shares of Sally Beauty from $22.00 to $19.50 in a report on Friday, February 4th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $23.70.

NYSE:SBH opened at $15.95 on Thursday. 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 market cap of $1.80 billion, a P/E ratio of 7.28 and a beta of 1.34. The firm’s fifty day moving average is $16.24 and its 200-day moving average is $17.60. Sally Beauty has a 52 week low of $14.88 and a 52 week high of $25.66.

Sally Beauty (NYSE:SBHGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $993.34 million. Sally Beauty had a return on equity of 125.54% and a net margin of 6.42%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. As a group, sell-side analysts anticipate that Sally Beauty will post 2.54 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of Sally Beauty by 68.5% in the first quarter. Russell Investments Group Ltd. now owns 144,178 shares of the specialty retailer’s stock valued at $2,252,000 after buying an additional 58,622 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Sally Beauty by 4.6% in the first quarter. SummerHaven Investment Management LLC now owns 41,419 shares of the specialty retailer’s stock valued at $647,000 after purchasing an additional 1,808 shares during the period. Victory Capital Management Inc. grew its stake in Sally Beauty by 52.4% in the 1st quarter. Victory Capital Management Inc. now owns 36,575 shares of the specialty retailer’s stock valued at $553,000 after buying an additional 12,574 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Sally Beauty by 7.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 146,674 shares of the specialty retailer’s stock valued at $2,293,000 after acquiring an additional 9,534 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Sally Beauty by 17.3% in the first quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the specialty retailer’s stock worth $95,000 after acquiring an additional 900 shares during the period.

Sally Beauty Company Profile (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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