share_log

Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Consensus Rating of "Hold" From Brokerages

Defense World ·  Jan 5, 2023 01:21

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) have been given a consensus rating of "Hold" by the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.10.

Several research firms recently weighed in on SBH. Morgan Stanley dropped their price objective on shares of Sally Beauty to $10.00 in a research note on Wednesday, November 16th. Piper Sandler began coverage on shares of Sally Beauty in a research note on Thursday, December 15th. They issued an "overweight" rating and a $15.00 price target on the stock. DA Davidson dropped their price target on shares of Sally Beauty from $14.50 to $11.50 and set a "neutral" rating on the stock in a research note on Monday, November 14th. Finally, StockNews.com lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Monday.

Get Sally Beauty alerts:

Sally Beauty Price Performance

SBH opened at $14.17 on Thursday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 8.59 and a beta of 1.20. Sally Beauty has a fifty-two week low of $10.95 and a fifty-two week high of $19.79. The company's 50-day moving average price is $12.18 and its 200 day moving average price is $13.03. The company has a quick ratio of 0.29, a current ratio of 1.70 and a debt-to-equity ratio of 3.69.

Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $962.46 million for the quarter, compared to analyst estimates of $943.88 million. Sally Beauty had a net margin of 4.81% and a return on equity of 83.29%. As a group, sell-side analysts expect that Sally Beauty will post 1.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Sally Beauty by 143.5% in the third 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 in the last quarter. Assetmark Inc. boosted its holdings in shares of Sally Beauty by 146.0% in the second quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 1,438 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Sally Beauty by 1,882.3% in the second quarter. First Horizon Advisors Inc. now owns 2,458 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 2,334 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Sally Beauty by 34.2% in the first quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer's stock valued at $79,000 after acquiring an additional 1,282 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Sally Beauty by 69.7% in the third quarter. UBS Group AG now owns 6,761 shares of the specialty retailer's stock valued at $85,000 after acquiring an additional 2,777 shares in the last quarter.

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 (SBS) and Beauty Systems Group (BSG). The SBS segment offers beauty products, including hair color and care products, styling tools, skin and nail care products, cosmetics, and other beauty products for retail customers and salon professionals through retail stores and digital platforms.

Further Reading

  • Get a free copy of the StockNews.com research report on Sally Beauty (SBH)
  • 3 Health Care Stocks Paying Reliable Dividends
  • Will Canada Goose Stock Fly Higher for the Winter?
  • Buffett's Next Bet Is One Of His Biggest Ever
  • Apple Stock Pulls Back, Is Now the Time To Buy?
  • Is A Short-Squeeze In Mullen Automotive About To Begin?

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment