Sally Beauty (NYSE:SBH) Given New $14.50 Price Target at Jefferies Financial Group

Sally Beauty (NYSE:SBH) had its price target increased by Jefferies Financial Group from $12.80 to $14.50 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a hold rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on SBH. Zacks Research cut shares of Sally Beauty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Canaccord Genuity Group boosted their price target on shares of Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Sally Beauty in a report on Tuesday, October 14th. Finally, TD Cowen boosted their price target on shares of Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $15.37 on Tuesday. The company’s fifty day moving average is $14.95 and its two-hundred day moving average is $11.38. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $16.82. The company has a market cap of $1.52 billion, a P/E ratio of 8.26 and a beta of 1.34.

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

Insider Buying and Selling

In other Sally Beauty news, Director Max R. Rangel acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was purchased at an average cost of $14.07 per share, for a total transaction of $49,245.00. Following the completion of the acquisition, the director owned 3,500 shares of the company’s stock, valued at approximately $49,245. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diana Sue Ferguson acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the acquisition, the director directly owned 7,912 shares of the company’s stock, valued at $95,102.24. This represents a 46.19% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 10,500 shares of company stock worth $132,125. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds have recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in Sally Beauty by 4.0% during the second quarter. Diversified Trust Co now owns 28,756 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 1,093 shares during the period. Rafferty Asset Management LLC boosted its holdings in Sally Beauty by 4.1% during the first quarter. Rafferty Asset Management LLC now owns 33,979 shares of the specialty retailer’s stock valued at $307,000 after acquiring an additional 1,350 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Sally Beauty by 6.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,904 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 1,506 shares during the period. Golden State Wealth Management LLC boosted its holdings in Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,735 shares during the period. Finally, SummerHaven Investment Management LLC boosted its holdings in Sally Beauty by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 74,431 shares of the specialty retailer’s stock valued at $689,000 after acquiring an additional 1,741 shares during the period.

About Sally Beauty

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.