Sally Beauty (SBH) Stock Rating Lowered by Zacks Investment Research

Sally Beauty (NYSE:SBH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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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A number of other equities research analysts also recently weighed in on SBH. Robert W. Baird set a $21.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a report on Friday, December 22nd. ValuEngine downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Buckingham Research cut their price target on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, BMO Capital Markets set a $18.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Sally Beauty has a consensus rating of “Hold” and an average price target of $17.50.

Shares of SBH opened at $16.30 on Wednesday. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $21.36. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.38. The stock has a market capitalization of $2,070.45, a P/E ratio of 9.06, a P/E/G ratio of 1.01 and a beta of 0.34.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million during the quarter, compared to the consensus estimate of $990.18 million. During the same period in the prior year, the company earned $0.39 EPS. Sally Beauty’s revenue was down .5% on a year-over-year basis. equities research analysts expect that Sally Beauty will post 2.38 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC lifted its stake in Sally Beauty by 10.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 10,962,148 shares of the specialty retailer’s stock valued at $205,650,000 after buying an additional 1,028,943 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Sally Beauty by 42.9% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,443,536 shares of the specialty retailer’s stock valued at $83,361,000 after buying an additional 1,332,952 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Sally Beauty by 0.9% during the fourth quarter. Champlain Investment Partners LLC now owns 3,725,135 shares of the specialty retailer’s stock valued at $69,884,000 after buying an additional 32,815 shares in the last quarter. LSV Asset Management lifted its stake in Sally Beauty by 13.7% during the fourth quarter. LSV Asset Management now owns 2,237,516 shares of the specialty retailer’s stock valued at $41,975,000 after buying an additional 268,916 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Sally Beauty by 526.1% during the fourth quarter. Schroder Investment Management Group now owns 1,861,375 shares of the specialty retailer’s stock valued at $34,920,000 after buying an additional 1,564,075 shares in the last quarter.

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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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