Sally Beauty (NYSE:SBH – Get Rating) It was downgraded from a Buy rating to a Hold rating by StockNews.com in a report published Friday.
Several other equity analysts have also recently issued reports on SBH. Raymond James downgraded Sally Beauty’s shares from a ‘market performance’ rating to an ‘underperforming’ rating in a report on Wednesday, June 29. Cowen lowered his beauty share price target to $20.00 from his $30.00 in a report on Friday, May 6. TheStreet downgraded Sally Beauty’s stock from a ‘b-‘ rating to a ‘c+’ rating in a report on Thursday, June 23. Morgan Stanley downgraded Sally Beauty’s stock from an ‘equal weight’ rating to an ‘underweight’ rating and lowered the company’s price target from $19.00 to $12.00 in a report on Thursday, June 16. Finally, Oppenheimer downgraded Sally Beauty’s stock from an “outperform” rating to a “market his perform” rating in her Thursday, May 5 report. Two investment analysts gave the stock a sell rating and two issued a hold rating to the company. Data from MarketBeat.com shows that Sally Beauty’s current average rating is “hold” with a consensus price target of $18.70.
Sally Beauty Stock Performance
SBH shares gained $0.14 during Friday’s trading to reach $13.74. 1,195,700 shares of the company were hand-traded, with an average turnover of 1,448,018 of his shares. The company has a quick ratio of 0.59, a current ratio of 2.27 and a debt to equity ratio of 5.08. Sally Beauty has her 52-week low of $11.28 and her 52-week high of $21.86. This stock has a 50-day moving average price of $13.19 and a 200-day moving average price of $15.20. The stock has a market cap of $1.47 billion, a price/earnings ratio of 6.05 and a beta of 1.38.
Sally Beauty (NYSE:SBH – Get Rating) last reported quarterly results on Thursday, Aug. 4. The specialty retailer reported his earnings per share (EPS) of her $0.55 for the quarter, missing the consensus estimate of $0.59 ($0.04). Sally Beauty had a net profit margin of 6.66% and a return on equity of 104.07%. The company’s revenue for the quarter was $961.47 million, compared with analyst estimates of $950.97 million. For the same period last year, the company posted his EPS of $0.68. Business revenue decreased by 6.0% compared to the same period last year. As a group, equity analysts expect Sally Beauty to post his EPS of 2.29 this fiscal year.
Institutional investors focus on saree beauty
Several institutional investors have recently bought and sold shares of SBH. Allspring Global Investments Holdings LLC acquired new shares of Sally Beauty in the fourth quarter for approximately $1,040,000. Yousif Capital Management LLC acquired a new stake in Sally Beauty worth approximately $1,902,000 in the fourth quarter. Qube Research & Technologies Ltd increased its holding in Sally Beauty by 29.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 19,392 shares of the specialty retailer worth $358,000 after acquiring an additional 4,426 shares during the previous quarter. Zurcher Kantonalbank Zurich Cantonalbank increased his holding of Sally Beauty by 23.1% in the fourth quarter. Zurich Cantonalbank Zurich Cantonalbank now owns 15,230 shares in the specialty retailer valued at $281,000 after acquiring a further 2,857 shares during the previous quarter. Finally, Oppenheimer & Co. Inc. increased its holding of Sally Beauty by 16.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 29,916 shares of the specialty retailer worth $552,000 after acquiring an additional 4,267 shares during the previous quarter.
Sally Beauty Company Profile
(get rating)
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 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.
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