Sally Beauty (NYSE:SBH) Lowered to “Hold” Rating by Wall Street Zen

Sally Beauty (NYSE:SBH) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other analysts have also weighed in on the company. TD Cowen lifted their price objective on Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Canaccord Genuity Group lifted their price objective on Sally Beauty from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Cowen reissued a “buy” rating on shares of Sally Beauty in a report on Thursday, September 4th. Finally, Zacks Research raised Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sally Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

Sally Beauty Stock Performance

Shares of NYSE SBH opened at $15.07 on Friday. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $12.67 and its two-hundred day moving average is $10.16. The company has a market cap of $1.49 billion, a P/E ratio of 8.10 and a beta of 1.38. Sally Beauty has a 12 month low of $7.54 and a 12 month high of $15.92.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Sally Beauty has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sally Beauty will post 1.81 EPS for the current year.

Insider Transactions at Sally Beauty

In other news, Director Max R. Rangel bought 3,500 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was bought at an average price of $14.07 per share, for a total transaction of $49,245.00. Following the completion of the transaction, the director directly owned 3,500 shares in the company, valued at $49,245. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Denise Paulonis bought 4,500 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $11.74 per share, with a total value of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares of the company’s stock, valued at $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 10,500 shares of company stock worth $132,125 over the last 90 days. 1.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Sally Beauty by 1,365.0% during the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 2,730 shares during the last quarter. State of Wyoming raised its position in shares of Sally Beauty by 6.8% during the second quarter. State of Wyoming now owns 71,736 shares of the specialty retailer’s stock worth $664,000 after acquiring an additional 4,570 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Sally Beauty by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 343,983 shares of the specialty retailer’s stock worth $3,185,000 after acquiring an additional 20,665 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Sally Beauty by 5.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 118,165 shares of the specialty retailer’s stock valued at $1,097,000 after purchasing an additional 6,289 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Sally Beauty by 48.3% in the second quarter. Tower Research Capital LLC TRC now owns 13,570 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 4,418 shares during the last quarter.

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.