Sally Beauty (NYSE:SBH) Coverage Initiated by Analysts at TD Cowen

TD Cowen started coverage on shares of Sally Beauty (NYSE:SBH) in a research report report published on Friday morning,Zacks reports. The brokerage issued a strong-buy rating on the specialty retailer’s stock.

Several other analysts have also recently issued reports on SBH. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Sally Beauty Trading Down 0.2%

Shares of Sally Beauty stock opened at $18.19 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.37 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $16.54 and its 200-day simple moving average is $15.08. The stock has a market cap of $1.70 billion, a P/E ratio of 9.47 and a beta of 1.03. Sally Beauty has a 1-year low of $11.54 and a 1-year high of $18.48.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Sally Beauty in the 2nd quarter valued at approximately $223,172,000. Dimensional Fund Advisors LP lifted its holdings in shares of Sally Beauty by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock worth $81,323,000 after acquiring an additional 202,020 shares during the last quarter. Access Investment Management LLC boosted its position in shares of Sally Beauty by 1.3% during the 3rd quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock worth $9,427,000 after purchasing an additional 7,380 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Sally Beauty during the 2nd quarter worth approximately $9,347,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Sally Beauty during the 1st quarter worth approximately $8,102,000.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.

Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.