Sally Beauty (NYSE:SBH – Get Rating) StockNews.com’s research analysts downgraded the stock from a ‘buy’ rating to a ‘hold’ rating in a report released Tuesday.
Several other equity research analysts have also recently made an impact on the company. DA Davidson lowered Sally Beauty’s target price from her $14.50 to her $11.50 in a report on Monday, Nov. 14, setting the company’s rating to “neutral.” Piper Sandler took on coverage of her Sally Beauty in a report on Thursday, Dec. 15. They set an “overweight” rating and a company price target of $15.00 for her. Finally, Morgan Stanley lowered Sally Beauty’s target price to his $10.00 in her Wednesday, Nov. 16 research notes. Two of her research analysts gave the company’s stock a sell rating, five gave a hold rating, and one gave a buy rating. According to MarketBeat data, the company’s current average valuation is “Hold” with a consensus target price of $14.10.
Sally Beauty deal up 2.5%
SBH rose $0.35 to $14.59 on Tuesday. His 1,234,398 shares in the company were exchanged, but the average trading volume was 1,555,192 shares for him. The company has a 50-day simple moving average of $12.31 and a 200-day simple moving average of $13.09. The company has a debt to equity ratio of 3.69, a quick ratio of 0.29 and a current ratio of 1.70. On Sally Beauty, her 12-month low is $10.95 and her 12-month high is $19.08. The stock has a market cap of $1.56 billion, a PE ratio of 8.84 and a beta of 1.19.
Sally Beauty (NYSE:SBH – Get Rating) last announced quarterly earnings data on Thursday, November 10. The specialty retailer reported earnings of $0.50 per share for him in the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 83.29% and a net profit margin of 4.81%. The business generated revenue of $962.46 million for the quarter, compared with analyst estimates of $943.88 million. Sell-side analysts expect Sally Beauty’s earnings per share to be 1.88 this year.
institution inflow and outflow
Recently, many large investors have increased or decreased their equity stakes. Yousif Capital Management LLC raised Sally Beauty’s stake by 0.8% in the first quarter. Yousif Capital Management LLC now owns 103,797 shares of the specialty retailer worth $1,622,000 after purchasing an additional 785 shares during the previous quarter. Auxier Asset Management increased its stake in Sally Beauty by 1.3% in the second quarter. Auxier Asset Management now owns 80,336 shares of the specialty retailer worth $958,000 after purchasing an additional 1,000 shares in the previous quarter. Royal Bank of Canada increased its stake in Sally Beauty by 18.3% in the first quarter. Royal Bank of Canada now owns 7,037 shares in the specialty retailer worth $110,000 after he bought an additional 1,091 shares last quarter. Captrust Financial Advisors increased its Sally Beauty shareholding by 34.2% in the first quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer worth $79,000 after purchasing an additional 1,282 shares last quarter. Finally, Assetmark Inc. increased its stake in Sally Beauty by 146.0% in the second quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer worth $29,000 after purchasing an additional 1,438 shares last quarter.
About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of specialty beauty products. The company operates through his 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 outlets and digital platforms.
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