Sally Beauty (SBH) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “

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SBH has been the topic of a number of other reports. Buckingham Research decreased their price objective on Sally Beauty from $18.00 to $15.00 and set a neutral rating on the stock in a research report on Tuesday, February 6th. ValuEngine lowered Sally Beauty from a buy rating to a hold rating in a research report on Sunday, December 31st. DA Davidson reduced their price target on Sally Beauty from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Monday, March 26th. Oppenheimer restated a hold rating on shares of Sally Beauty in a research report on Wednesday, January 31st. Finally, BMO Capital Markets set a $18.00 price target on Sally Beauty and gave the stock a hold rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Sally Beauty has an average rating of Hold and an average target price of $17.50.

SBH traded down $0.19 during mid-day trading on Thursday, reaching $16.02. The stock had a trading volume of 482,577 shares, compared to its average volume of 1,898,845. The firm has a market capitalization of $2,059.19, a price-to-earnings ratio of 9.01, a PEG ratio of 1.01 and a beta of 0.34. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.38 and a current ratio of 1.97. Sally Beauty has a 52 week low of $14.05 and a 52 week high of $21.36.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.26. The firm had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. research analysts forecast that Sally Beauty will post 2.38 EPS for the current year.

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Sally Beauty during the 4th quarter worth $185,000. GSA Capital Partners LLP acquired a new stake in Sally Beauty during the 3rd quarter worth $197,000. Koch Industries Inc. acquired a new stake in Sally Beauty during the 4th quarter worth $231,000. Meadow Creek Investment Management LLC raised its stake in Sally Beauty by 27.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock worth $264,000 after buying an additional 3,036 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in Sally Beauty during the 4th quarter worth $270,000.

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About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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