Sally Beauty (NYSE:SBH) Downgraded by StockNews.com

Sally Beauty (NYSE:SBH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts have also recently commented on the stock. DA Davidson reduced their price objective on shares of Sally Beauty from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Morgan Stanley dropped their target price on shares of Sally Beauty from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and an average target price of $14.00.

Sally Beauty Stock Performance

NYSE SBH opened at $10.44 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of 7.00 and a beta of 1.32. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.36 and a current ratio of 2.12. The company has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $13.04. Sally Beauty has a 52-week low of $9.46 and a 52-week high of $18.42.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $931.10 million during the quarter, compared to the consensus estimate of $945.42 million. Sally Beauty had a net margin of 4.33% and a return on equity of 52.92%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. On average, research analysts predict that Sally Beauty will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in Sally Beauty by 143.5% during the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 1,289 shares during the period. US Bancorp DE grew its position in shares of Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock worth $29,000 after buying an additional 1,311 shares during the period. State of Wyoming purchased a new stake in shares of Sally Beauty in the 4th quarter worth about $32,000. Allspring Global Investments Holdings LLC grew its position in shares of Sally Beauty by 101.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,125 shares of the specialty retailer’s stock worth $63,000 after buying an additional 2,583 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Sally Beauty by 30.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the specialty retailer’s stock worth $64,000 after buying an additional 1,208 shares during the period.

Sally Beauty Company Profile

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.