Brokerages Set Sally Beauty Holdings, Inc. (NYSE:SBH) PT at $17.00

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.40.

SBH has been the topic of a number of research analyst reports. TD Cowen upped their price target on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wall Street Zen raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Morgan Stanley lowered their target price on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th.

Sally Beauty Trading Up 2.1%

Shares of NYSE SBH opened at $16.11 on Friday. The firm’s 50 day moving average price is $14.21 and its 200-day moving average price is $14.41. The company has a market cap of $1.51 billion, a PE ratio of 8.39 and a beta of 1.03. Sally Beauty has a 52-week low of $11.54 and a 52-week high of $17.92. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.55 and a current ratio of 2.37.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The company had revenue of $935.49 million during the quarter, compared to the consensus estimate of $938.45 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. On average, equities research analysts expect that Sally Beauty will post 2.07 EPS for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following the transaction, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. This represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in Sally Beauty by 1,365.0% in the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 2,730 shares during the period. Larson Financial Group LLC increased its position in shares of Sally Beauty by 392.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 1,519 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Sally Beauty during the 2nd quarter valued at about $34,000. iSAM Funds UK Ltd bought a new position in shares of Sally Beauty in the 3rd quarter worth approximately $35,000. Finally, Intesa Sanpaolo Wealth Management bought a new position in shares of Sally Beauty in the 4th quarter worth approximately $36,000.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.