Sally Beauty (NYSE:SBH) Shares Up 4.3% – Time to Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price was up 4.3% during trading on Monday . The stock traded as high as $9.25 and last traded at $9.33. Approximately 248,367 shares traded hands during trading, a decline of 90% from the average daily volume of 2,392,821 shares. The stock had previously closed at $8.94.

Wall Street Analysts Forecast Growth

SBH has been the topic of several recent research reports. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. DA Davidson dropped their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Price Performance

The stock has a market cap of $955.78 million, a price-to-earnings ratio of 5.61 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The business’s fifty day simple moving average is $10.70 and its 200 day simple moving average is $12.13.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty in the 3rd quarter worth approximately $771,000. Barclays PLC boosted its holdings in Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after purchasing an additional 56,879 shares during the period. FMR LLC raised its holdings in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the period. JPMorgan Chase & Co. raised its stake in Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after acquiring an additional 257,510 shares during the period. Finally, Jennison Associates LLC bought a new position in Sally Beauty in the fourth quarter worth 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.