Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $17.40 Consensus Price Target from Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBH) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.40.

A number of brokerages have recently issued reports on SBH. Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, TD Cowen lifted their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in SBH. BlackRock Inc. acquired a new stake in Sally Beauty in the 2nd quarter valued at $223,172,000. Dimensional Fund Advisors LP raised its position in Sally Beauty by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock valued at $81,323,000 after purchasing an additional 202,020 shares during the period. LSV Asset Management lifted its stake in shares of Sally Beauty by 12.9% during the fourth quarter. LSV Asset Management now owns 3,793,195 shares of the specialty retailer’s stock worth $54,091,000 after purchasing an additional 433,855 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Sally Beauty by 2.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,756,549 shares of the specialty retailer’s stock worth $25,048,000 after purchasing an additional 43,995 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sally Beauty in the second quarter worth about $9,347,000.

Sally Beauty Price Performance

Shares of Sally Beauty stock opened at $16.72 on Monday. Sally Beauty has a twelve month low of $11.54 and a twelve month high of $17.92. The stock has a market capitalization of $1.57 billion, a P/E ratio of 8.71 and a beta of 1.05. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $16.02 and its 200 day moving average price is $14.53.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%.The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. As a group, research analysts anticipate that Sally Beauty will post 2.07 earnings per share for the current year.

About Sally Beauty

Sally Beauty Holdings, Inc operates specialty retailers and distributors of professional beauty products and salon supplies. The company serves both beauty professionals and individual consumers through its Sally Beauty and CosmoProf businesses.

Sally Beauty stores offer products including hair color, hair care, styling products, skin care, nail care, salon equipment and beauty accessories. CosmoProf primarily serves licensed stylists and salon owners, providing professional brands, technical education and products for salon services.