Sally Beauty (NYSE:SBH) Hits New 1-Year Low – Time to Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $8.50 and last traded at $8.52, with a volume of 1133995 shares. The stock had previously closed at $9.00.

Analyst Ratings Changes

SBH has been the subject of several analyst reports. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group began coverage on Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, DA Davidson cut their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Trading Down 5.4 %

The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The firm has a market capitalization of $868.14 million, a P/E ratio of 5.10 and a beta of 1.54. The business’s 50-day moving average is $9.96 and its 200 day moving average is $11.72.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its position in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 2,012 shares in the last quarter. Quarry LP grew its position in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,345 shares during the last quarter. R Squared Ltd acquired a new position in Sally Beauty in the 4th quarter worth about $56,000. KBC Group NV increased its holdings in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the third quarter valued at about $64,000.

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.