Sally Beauty (NYSE:SBH) Given Hold (C+) Rating at Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of Sally Beauty (NYSE:SBH) in a research note published on Tuesday morning,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the company. Zacks Research upgraded Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. TD Cowen increased their target price on Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Cowen restated a “buy” rating on shares of Sally Beauty in a report on Thursday, September 4th. Canaccord Genuity Group increased their target price on Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Wall Street Zen upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.88.

Sally Beauty Price Performance

SBH opened at $15.55 on Tuesday. The stock has a 50-day moving average price of $14.48 and a 200-day moving average price of $10.90. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $16.82. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.54 billion, a P/E ratio of 8.36 and a beta of 1.34.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The firm had revenue of $933.31 million during the quarter, compared to analysts’ expectations of $928.78 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. Equities analysts predict that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In other news, Director Max R. Rangel bought 3,500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was purchased at an average price of $14.07 per share, with a total value of $49,245.00. Following the transaction, the director owned 3,500 shares of the company’s stock, valued at approximately $49,245. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana Sue Ferguson bought 2,500 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, with a total value of $30,050.00. Following the transaction, the director directly owned 7,912 shares in the company, valued at approximately $95,102.24. This represents a 46.19% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 10,500 shares of company stock valued at $132,125 in the last 90 days. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 2,730 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Sally Beauty by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,735 shares in the last quarter. Raymond James Financial Inc. bought a new position in Sally Beauty during the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC increased its position in Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 4,200 shares in the last quarter. Finally, CWM LLC increased its position in Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 4,948 shares in the last quarter.

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.