Sally Beauty (NYSE:SBH) had its rating reaffirmed by DA Davidson

Sally Beauty (NYSE:SBH – Get a Free Report)Its stock had its “neutral” rating restated by investment analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $12.00 price target on the specialty retailer’s stock. DA Davidson’s price target suggests a potential upside of 5.68% from the company’s previous close. DA Davidson also issued estimates for Sally Beauty’s Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $1.72 EPS.

SBH has been the subject of a number of other research reports. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Piper Sandler decreased their price target on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, TD Cowen decreased their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.00, according to MarketBeat.com.

Get the latest stock analysis on Sally Beauty

Sally Beauty trading up 1.3%

NYSE SBH opened at $11.36 on Tuesday. The firm has a market cap of $1.17 billion, a P/E ratio of 7.72 and a beta of 1.54. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12, and a quick ratio of 0.40. The stock’s 50-day moving average is $10.82 and its 200-day moving average is $11.47. Sally Beauty has a one year low of $7.21 and a one year high of $13.91.

Sally Beauty (NYSE:SBH – Get Your Free Report ) last released its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analyst estimates of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. Sally Beauty’s revenue was up 1.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $0.49 per share. sell-side analysts anticipate that Sally Beauty will post 1.67 earnings per share for the current fiscal year.

Institutional inputs and outputs

A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in Sally Beauty by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock valued at $783,000 after purchasing an additional 814 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 898 shares during the period. CWM LLC boosted its stake in Sally Beauty by 107.9% during the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 1,401 shares during the period. ProShare Advisors LLC boosted its stake in Sally Beauty by 7.1% in the first quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after acquiring an additional 1,426 shares during the period. Finally, DGS Capital Management LLC raised its stake in Sally Beauty by 4.3% in the first quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 1,810 shares during the period.

Sally Beauty Company Profile

(Get a free report)

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty products. 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 to retail customers, salons and salon professionals.

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