Sally Beauty (NYSE:SBH) Sets New 1-Year Low at $9.00

Sally Beauty Holdings, Inc. (NYSE:SBH) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.00 and last traded at $9.01, with a volume of 53310 shares changing hands. The stock had previously closed at $9.14.

Analysts Set New Price Targets

SBH has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Sally Beauty from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, August 22nd. StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, DA Davidson cut their price target on shares of Sally Beauty from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

Sally Beauty Stock Performance

The company has a market cap of $957.00 million, a P/E ratio of 6.13 and a beta of 1.35. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.36 and a current ratio of 2.12. The stock’s fifty day moving average price is $10.93 and its two-hundred day moving average price is $12.45.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $931.10 million during the quarter, compared to the consensus estimate of $945.42 million. Sally Beauty had a net margin of 4.33% and a return on equity of 52.92%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Sally Beauty by 0.7% in the 2nd quarter. BlackRock Inc. now owns 16,913,070 shares of the specialty retailer’s stock valued at $208,876,000 after acquiring an additional 113,658 shares during the period. FMR LLC increased its position in Sally Beauty by 0.3% in the 1st quarter. FMR LLC now owns 16,099,289 shares of the specialty retailer’s stock valued at $250,827,000 after acquiring an additional 42,542 shares during the period. Vanguard Group Inc. increased its position in shares of Sally Beauty by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,812,947 shares of the specialty retailer’s stock worth $148,844,000 after buying an additional 88,687 shares during the period. Alliancebernstein L.P. increased its position in shares of Sally Beauty by 7.5% during the fourth quarter. Alliancebernstein L.P. now owns 8,610,218 shares of the specialty retailer’s stock worth $107,800,000 after buying an additional 597,088 shares during the period. Finally, State Street Corp increased its position in shares of Sally Beauty by 3.6% during the second quarter. State Street Corp now owns 4,529,832 shares of the specialty retailer’s stock worth $55,943,000 after buying an additional 159,040 shares during the period.

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.