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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.63.

A number of research firms have recently weighed in on SBH. Cowen lowered their price target on shares of Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 5th. Cowen decreased their price objective on shares of Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday.

Shares of SBH opened at $13.31 on Tuesday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. The stock has a market capitalization of $1.42 billion, a P/E ratio of 5.86 and a beta of 1.34. The company’s fifty day moving average is $15.04 and its two-hundred day moving average is $16.84. Sally Beauty has a 1 year low of $12.71 and a 1 year high of $23.39.

Sally Beauty (NYSE:SBH – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The company had revenue of $911.40 million for the quarter, compared to analyst estimates of $951.20 million. During the same period last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Sally Beauty will post 2.29 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. American Trust purchased a new position in Sally Beauty in the 1st quarter valued at about $160,000. Gabelli Funds LLC lifted its holdings in shares of Sally Beauty by 2.2% during the 1st quarter. Gabelli Funds LLC now owns 564,000 shares of the specialty retailer’s stock worth $8,815,000 after acquiring an additional 12,000 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Sally Beauty by 7.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 780,050 shares of the specialty retailer’s stock worth $12,192,000 after acquiring an additional 54,871 shares during the period. Royal Bank of Canada lifted its holdings in shares of Sally Beauty by 18.3% during the 1st quarter. Royal Bank of Canada now owns 7,037 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 1,091 shares during the period. Finally, Dean Capital Management lifted its holdings in shares of Sally Beauty by 7.3% during the 1st quarter. Dean Capital Management now owns 29,428 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 2,012 shares during the period.

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.

Featured Stories