Analysts Set Sally Beauty Holdings, Inc. (NYSE:SBH) Price Target at $12.70

Sally Beauty Holdings, Inc. (NYSE:SBH) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.70.

Several analysts recently issued reports on the stock. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. DA Davidson reduced their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. 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, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Sally Beauty Trading Up 2.5 %

SBH opened at $8.88 on Thursday. The company has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $11.59. Sally Beauty has a 1-year low of $8.25 and a 1-year high of $14.79. The company has a market cap of $904.84 million, a P/E ratio of 5.31 and a beta of 1.54. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $941.44 million. Analysts predict that Sally Beauty will post 1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors have recently added to or reduced their stakes in SBH. FMR LLC boosted its stake in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after buying an additional 387,736 shares during the last quarter. Vanguard Group Inc. boosted its position in Sally Beauty by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock worth $129,880,000 after purchasing an additional 279,222 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer’s stock valued at $42,316,000 after purchasing an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in Sally Beauty by 5.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer’s stock valued at $42,037,000 after purchasing an additional 214,108 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Sally Beauty by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after purchasing an additional 156,580 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.