Sally Beauty (NYSE:SBH) Price Target Cut to $11.00 by Analysts at TD Cowen

Sally Beauty (NYSE:SBH) had its price target lowered by analysts at TD Cowen from $13.00 to $11.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s price target would indicate a potential upside of 6.69% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. DA Davidson lifted their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Piper Sandler lowered their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Sally Beauty Trading Down 0.4 %

SBH traded down $0.04 during trading on Wednesday, reaching $10.31. The company had a trading volume of 675,035 shares, compared to its average volume of 1,455,834. The firm’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $11.13. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 6.57 and a beta of 1.46. Sally Beauty has a 12-month low of $7.21 and a 12-month high of $14.64. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. The firm had revenue of $931.30 million for the quarter, compared to analysts’ expectations of $929.49 million. During the same quarter last year, the business posted $0.52 EPS. Sally Beauty’s revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Sally Beauty will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBH. Royal Bank of Canada lifted its holdings in Sally Beauty by 143.5% in the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 1,289 shares during the last quarter. US Bancorp DE lifted its holdings in Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 1,311 shares during the last quarter. State of Wyoming acquired a new stake in Sally Beauty in the 4th quarter worth approximately $32,000. CWM LLC lifted its holdings in shares of Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after buying an additional 1,401 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Sally Beauty during the fourth quarter worth approximately $46,000.

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.