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

StockNews.com cut shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other research firms also recently issued reports on SBH. DA Davidson restated a neutral rating and issued a $12.00 target price on shares of Sally Beauty in a report on Tuesday, August 13th. Piper Sandler reduced their price target on shares of Sally Beauty from $14.00 to $13.00 and set an overweight rating on the stock in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of Hold and an average target price of $11.00.

Sally Beauty Price Performance

Sally Beauty stock opened at $13.10 on Friday. Sally Beauty has a 1 year low of $7.21 and a 1 year high of $13.91. The firm has a 50 day moving average price of $10.93 and a 200 day moving average price of $11.47. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 8.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The firm had revenue of $942.30 million during the quarter, compared to the consensus estimate of $931.77 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Sally Beauty’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that Sally Beauty will post 1.66 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC lifted its position in Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 1,401 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Sally Beauty by 168.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 2,829 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty during the first quarter worth $64,000. Quest Partners LLC lifted its position in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Sally Beauty during the second quarter worth $113,000.

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.