Sally Beauty (NYSE:SBH) Reaches New 12-Month Low – Here’s What Happened

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $9.00 and last traded at $9.04, with a volume of 917988 shares trading hands. The stock had previously closed at $9.32.

Analysts Set New Price Targets

Several research firms have weighed in on SBH. DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group started coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Stock Performance

The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The firm has a market capitalization of $910.92 million, a P/E ratio of 5.35 and a beta of 1.55. The stock’s 50 day moving average is $10.70 and its two-hundred day moving average is $12.11.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sally Beauty

Several large investors have recently modified their holdings of SBH. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty in the third quarter valued at about $771,000. Barclays PLC grew its stake in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after acquiring an additional 56,879 shares in the last quarter. FMR LLC grew its stake in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sally Beauty by 306.7% in the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Sally Beauty in the fourth quarter valued at about $553,000.

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.