Sally Beauty (NYSE:SBH) Trading Down 11.2%

Sally Beauty Holdings, Inc. (NYSE:SBH) shares traded down 11.2% during mid-day trading on Monday . The stock traded as low as $9.06 and last traded at $9.12. 1,479,845 shares were traded during trading, an increase of 6% from the average session volume of 1,389,764 shares. The stock had previously closed at $10.27.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. TD Cowen dropped their target price on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.25.

Sally Beauty Price Performance

The business’s fifty day simple moving average is $11.04 and its 200 day simple moving average is $11.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99. The stock has a market cap of $975.10 million, a price-to-earnings ratio of 6.41 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $908.36 million for the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. Sally Beauty’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. Research analysts predict that Sally Beauty Holdings, Inc. will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 1,401 shares during the period. Quadrant Capital Group LLC increased its holdings in Sally Beauty by 168.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after buying an additional 2,829 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Sally Beauty during the first quarter valued at approximately $64,000. SG Americas Securities LLC acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $136,000. Finally, Ballentine Partners LLC grew its position in Sally Beauty by 9.8% in the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock worth $156,000 after acquiring an additional 1,043 shares in the last quarter.

Sally Beauty Company Profile

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.