TD Cowen Trims Sally Beauty (NYSE:SBH) Target Price to $11.00

Sally Beauty (NYSE:SBH) had its price objective dropped by equities research analysts at TD Cowen from $13.00 to $11.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s price objective would suggest a potential upside of 4.17% from the stock’s previous close.

Several other research firms have also commented on SBH. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Piper Sandler decreased their price objective on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average target price of $12.00.

Sally Beauty Price Performance

Shares of SBH opened at $10.56 on Wednesday. The firm has a market capitalization of $1.11 billion, a PE ratio of 6.73 and a beta of 1.46. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty has a 1-year low of $7.21 and a 1-year high of $14.64. The company’s fifty day moving average price is $12.15 and its 200-day moving average price is $11.12.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts predict that Sally Beauty will post 1.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Sally Beauty by 143.5% in the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 1,289 shares during the last quarter. US Bancorp DE raised its holdings in Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 1,311 shares during the last quarter. State of Wyoming acquired a new stake in Sally Beauty in the 4th quarter valued at about $32,000. CWM LLC raised its holdings in Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Sally Beauty in the 4th quarter valued at about $46,000.

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.