Sally Beauty (NYSE:SBH) Given New $11.00 Price Target at TD Cowen

Sally Beauty (NYSE:SBH) had its price objective decreased by TD Cowen from $13.00 to $11.00 in a research note issued to investors on Wednesday morning, Benzinga reports. TD Cowen currently has a hold rating on the specialty retailer’s stock.

Several other research analysts have also commented on the stock. Piper Sandler cut their price target on shares of Sally Beauty from $17.00 to $16.00 and set an overweight rating on the stock in a report on Tuesday, March 19th. DA Davidson lifted their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of Hold and a consensus target price of $12.00.

Sally Beauty Trading Down 0.4 %

NYSE SBH opened at $10.31 on Wednesday. Sally Beauty has a one year low of $7.21 and a one year high of $14.64. The company’s 50 day moving average price is $12.20 and its 200 day moving average price is $11.13. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.57 and a beta of 1.46.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The firm had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. During the same quarter last year, the firm posted $0.52 earnings per share. Sally Beauty’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Sally Beauty will post 1.87 EPS for the current year.

Institutional Trading of Sally Beauty

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Sally Beauty by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 157,951 shares of the specialty retailer’s stock worth $2,469,000 after buying an additional 12,647 shares during the last quarter. Citigroup Inc. increased its stake in shares of Sally Beauty by 1.6% in the first quarter. Citigroup Inc. now owns 106,919 shares of the specialty retailer’s stock worth $1,672,000 after buying an additional 1,674 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Sally Beauty by 56.0% in the first quarter. MetLife Investment Management LLC now owns 60,680 shares of the specialty retailer’s stock worth $948,000 after buying an additional 21,780 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Sally Beauty by 3.1% in the first quarter. Rhumbline Advisers now owns 282,423 shares of the specialty retailer’s stock worth $4,414,000 after buying an additional 8,600 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Sally Beauty by 11.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,896 shares of the specialty retailer’s stock worth $1,483,000 after purchasing an additional 9,465 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.