Sally Beauty (NYSE:SBH) Cut to Hold at StockNews.com

StockNews.com cut shares of Sally Beauty (NYSE:SBHGet Rating) from a buy rating to a hold rating in a report published on Tuesday morning.

Several other research firms also recently issued reports on SBH. TheStreet downgraded Sally Beauty from a b- rating to a c+ rating in a research note on Thursday, June 23rd. Oppenheimer downgraded Sally Beauty from an outperform rating to a market perform rating in a research note on Thursday, May 5th. Cowen reduced their price target on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Morgan Stanley downgraded Sally Beauty from an equal weight rating to an underweight rating and cut their target price for the company from $19.00 to $12.00 in a research report on Thursday, June 16th. Finally, Cowen cut their target price on Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $18.70.

SBH stock opened at $12.13 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 0.59 and a debt-to-equity ratio of 5.08. The firm has a market capitalization of $1.30 billion, a PE ratio of 5.34 and a beta of 1.34. Sally Beauty has a 1-year low of $11.28 and a 1-year high of $22.85. The business’s 50 day simple moving average is $14.05 and its 200 day simple moving average is $16.14.

Sally Beauty (NYSE:SBHGet Rating) last posted its earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The business had revenue of $911.40 million for the quarter, compared to analyst estimates of $951.20 million. Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, sell-side analysts predict that Sally Beauty will post 2.3 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in SBH. Morgan Stanley lifted its position in shares of Sally Beauty by 1.0% during the 3rd quarter. Morgan Stanley now owns 1,353,140 shares of the specialty retailer’s stock worth $22,801,000 after buying an additional 13,870 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Sally Beauty during the 3rd quarter worth $315,000. Cubist Systematic Strategies LLC lifted its position in shares of Sally Beauty by 20.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 70,858 shares of the specialty retailer’s stock worth $1,194,000 after buying an additional 11,950 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Sally Beauty by 154.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 110,546 shares of the specialty retailer’s stock worth $1,863,000 after buying an additional 67,123 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position in shares of Sally Beauty by 2.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 15,406,794 shares of the specialty retailer’s stock worth $259,604,000 after buying an additional 432,093 shares during the last quarter.

Sally Beauty Company Profile (Get Rating)

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.

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