Beauty market

Sally Beauty Inc (NYSE:SBH) trades 3.9% lower following analyst downgrade

Sally Beauty Holdings, Inc. (NYSE:SBH) stock price fell 3.9% on Friday after DA Davidson lowered its price target on the stock from $22.00 to $19.50 . The company traded as low as $16.46 and last traded at $16.49. 5,474 shares were traded at midday, down 100% from the average session volume of 1,369,774 shares. The stock previously closed at $17.16.

SBH has been the subject of a number of other research reports. Zacks Investment Research moved shares of Sally Beauty from a “hold” rating to a “strong-buy” rating and set a target price of $24.00 for the company in a Tuesday, November 16 research report. Oppenheimer cut his price target on Sally Beauty shares from $24.00 to $22.00 and set an “outperform” rating for the company in a Thursday, November 4 research report. Finally, Morgan Stanley raised its price target on Sally Beauty shares from $22.00 to $23.00 and gave the company an “equal weight” rating in a Monday, November 15 research report. Three equity research analysts gave the stock a hold rating, two gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $23.70.

In related news, director Susan R. Mulder sold 2,901 shares of Sally Beauty in a trade that took place on Thursday, December 9. The shares were sold at an average price of $21.00, for a total transaction of $60,921.00. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director Susan R. Mulder sold 5,000 shares of Sally Beauty in a trade that took place on Friday, November 26. The shares were sold at an average price of $20.14, for a total transaction of $100,700.00. The disclosure of this sale can be found here. Last quarter, insiders sold 15,401 shares of the company valued at $319,171. Company insiders own 1.74% of the company’s shares.

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Institutional investors have recently changed their positions in the stock. Jump Financial LLC purchased a new stake in Sally Beauty stock during Q2 valued at approximately $1,085,000. Pacer Advisors Inc. increased its position in Sally Beauty by 6.3% in the third quarter. Pacer Advisors Inc. now owns 382,162 shares of the specialty retailer worth $6,439,000 after purchasing an additional 22,584 shares during the period. PDT Partners LLC acquired a new stake in Sally Beauty during Q2 valued at approximately $896,000. Invesco Ltd. increased its position in Sally Beauty by 26.5% during the second quarter. Invesco Ltd. now owns 514,288 shares of the specialty retailer worth $11,350,000 after purchasing an additional 107,854 shares during the period. Finally, Dimensional Fund Advisors LP strengthened its position in Sally Beauty by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,031 shares of the specialty retailer worth $56,586,000 after purchasing an additional 29,559 shares during the period.

The company’s 50-day moving average is $18.66 and its 200-day moving average is $18.33. The company has a current ratio of 2.08, a quick ratio of 0.77 and a debt ratio of 4.92. The company has a market capitalization of $1.86 billion, a price-earnings ratio of 8.21 and a beta of 1.46.

Sally Beauty Inc (NYSE:SBH) last released its results on Tuesday, February 1. The specialty retailer reported EPS of $0.63 for the quarter, beating the consensus estimate of $0.60 by $0.03. Sally Beauty had a net margin of 6.19% and a return on equity of 148.76%. The company posted revenue of $980.00 million for the quarter, versus a consensus estimate of $993.34 million. During the same period last year, the company achieved EPS of $0.50. The company’s revenue increased by 4.7% compared to the same quarter last year. Analysts predict that Sally Beauty Holdings, Inc. will post EPS of 2.59 for the current year.

Company Profile Sally Beauty (NYSE: SBH)

Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty products. It operates through Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers a national and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty products to hair salon professionals and retail customers primarily in North America, Puerto Rico and in parts of Europe and South America.

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