Cohen downgraded the stock Sally Beauty (NYSE:SBH – Get Rating) From outperformance ratings to market performance ratings, Marketbeat Ratings reports in a report published on Friday. They currently have a $17.00 target price on specialty retailer inventory.
Other equity research analysts have also recently published reports on equities. TheStreet downgraded Sally Beauty’s stock from her b- rating to a c+ rating in a research report on Thursday, June 23. Morgan Stanley lowered its price target for Sally Beauty from her $12.00 to her $11.00 and gave her stock an underweight rating in her research report on Monday, Aug. 8. Cowen downgraded Sally Beauty’s rating from Outperform to Market Her Performance rating and set a price target of $17.00. in a research report on Friday. DA Davidson lowered Sally Beauty’s target price from $16.00 for her to $14.50 for his, in a report Monday, Aug. 8, giving the stock a neutral rating. Finally, StockNews.com downgraded her Sally Beauty rating from a Buy rating to a Hold rating in her Friday, Aug. 5 report. Two of Research’s analysts gave the stock a sell rating, and five issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $16.30.
Sally Beauty Stock Performance
SBH shares opened at $15.19 on Friday. Her one-year low for Sally Beauty is her $11.28, and her one-year high is her $21.86. The company has a current ratio of 1.60, a quick ratio of 0.29 and a debt to equity ratio of 3.66. The company has a market capitalization of $1.63 billion, a PE ratio of 7.45 and a beta of 1.38. Her 50-day moving average price for this business is $13.16 and her 200-day moving average price is $15.06.
Sally Beauty (NYSE:SBH – Get Rating) last reported earnings on Thursday, August 4th. The specialty retailer reported her earnings per share (EPS) of $0.55 for the quarter. This misses the analyst consensus forecast of $0.59 ($0.04). Sally Beauty had a return on equity of 90.85% and a net profit margin of 5.99%. The business generated $961.47 million in revenue for the quarter, compared to consensus expectations of $950.97 million. His earnings per share for the company in the same period last year were $0.68. Sally Beauty’s quarterly revenue decreased by 6.0% compared to the same period last year. As a group, research analysts expect Sally Beauty to post earnings per share of 2.17 this year.
Institutional investors focus on saree beauty
Many large investors have recently increased or decreased their stake in the business. Gamco Investors INC. ET AL boosted his position in Sally Beauty by 5.0% in the second quarter. Gamco Investors INC. ET AL now owns 819,180 shares of specialty retailer valued at $9,765,000 after purchasing an additional 39,130 shares during the period. Natixis won a new position in Sally Beauty in the second quarter worth approximately $155,000. EMC Capital Management increased its stake in Sally Beauty by 51.5% in the second quarter. After acquiring an additional 4,226 shares during this period, EMC Capital Management now owns 12,424 shares of the specialty retailer worth $148,000. Edgestream Partners LP increased its stake in Sally Beauty by 428.1% in the second quarter. Edgestream Partners LP owns 230,795 shares of specialty retailer valued at $2,751,000 after acquiring an additional 187,089 shares during this period. Finally, Rhumbline Advisers increased its position in Sally Beauty by 1.7% in the second quarter. Rhumbline Advisers now owns 287,351 shares of the specialty retailer worth $3,425,000 after acquiring an additional 4,928 shares during the previous quarter.
About Sally Beauty
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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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