Sally Beauty (NYSE:SBH) Hits New 52-Week Low – Here’s What Happened

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) hit a new 52-week low during trading on Thursday . The company traded as low as $8.85 and last traded at $8.91, with a volume of 895028 shares trading hands. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price on the stock. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.70.

Sally Beauty Price Performance

The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $10.53 and a 200-day moving average of $12.10. The firm has a market capitalization of $912.59 million, a P/E ratio of 5.36 and a beta of 1.55.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. On average, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently added to or reduced their stakes in the stock. PharVision Advisers LLC bought a new position in shares of Sally Beauty in the fourth quarter worth $523,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sally Beauty by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer’s stock valued at $3,071,000 after buying an additional 47,246 shares during the period. Voloridge Investment Management LLC raised its position in shares of Sally Beauty by 33.4% in the 4th quarter. Voloridge Investment Management LLC now owns 926,701 shares of the specialty retailer’s stock valued at $9,684,000 after buying an additional 232,253 shares in the last quarter. Woodline Partners LP boosted its position in shares of Sally Beauty by 9.9% during the 4th quarter. Woodline Partners LP now owns 524,463 shares of the specialty retailer’s stock worth $5,481,000 after acquiring an additional 47,145 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Sally Beauty by 9.6% during the 4th quarter. Vident Advisory LLC now owns 39,922 shares of the specialty retailer’s stock worth $417,000 after acquiring an additional 3,505 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.