Sally Beauty (NYSE:SBH) Reaches New 52-Week Low – Time to Sell?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s share price reached a new 52-week low on Thursday . The company traded as low as $8.50 and last traded at $8.52, with a volume of 1133995 shares trading hands. The stock had previously closed at $9.00.

Analyst Upgrades and Downgrades

SBH has been the topic of a number of recent analyst reports. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $16.00 in a report on Monday, November 25th. DA Davidson lowered their price target 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 reduced their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Price Performance

The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The stock has a market capitalization of $877.42 million, a PE ratio of 5.15 and a beta of 1.54. The company’s fifty day simple moving average is $9.86 and its two-hundred day simple moving average is $11.67.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $941.44 million. As a group, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Institutional Trading of Sally Beauty

Hedge funds have recently added to or reduced their stakes in the business. Hancock Whitney Corp increased its holdings in shares of Sally Beauty by 1.9% during the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after buying an additional 773 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock worth $200,000 after purchasing an additional 1,069 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,090 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 2,012 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sally Beauty by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock worth $612,000 after purchasing an additional 2,137 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.