Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) – Research analysts at Oppenheimer issued their Q1 2023 earnings per share estimates for shares of Sally Beauty in a research report issued to clients and investors on Thursday, November 10th. Oppenheimer analyst R. Parikh expects that the specialty retailer will post earnings of $0.44 per share for the quarter. The consensus estimate for Sally Beauty’s current full-year earnings is $2.20 per share. Oppenheimer also issued estimates for Sally Beauty’s Q3 2023 earnings at $0.54 EPS and Q4 2023 earnings at $0.56 EPS.
Several other brokerages also recently issued reports on SBH. Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a report on Friday, August 12th. Cowen lowered Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a research report on Friday, August 12th. DA Davidson cut their price objective on Sally Beauty from $16.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, August 8th. StockNews.com started coverage on Sally Beauty in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley cut their price target on Sally Beauty from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and an average price target of $14.88.
Sally Beauty Stock Up 3.7%
Shares of NYSE SBH opened at $13.34 on Monday. Sally Beauty has a 52-week low of $11.28 and a 52-week high of $21.86. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.29 and a current ratio of 1.60. The business has a fifty day moving average of $13.14 and a two-hundred day moving average of $13.66. The stock has a market cap of $1.43 billion, a PE ratio of 8.08 and a beta of 1.29.
Hedge Funds Weigh In On Sally Beauty
Several large investors have recently made changes to their positions in SBH. Polaris Capital Management LLC acquired a new position in Sally Beauty in the first quarter valued at approximately $45,611,000. Jupiter Asset Management Ltd. bought a new position in shares of Sally Beauty in the 3rd quarter worth $18,270,000. Principal Financial Group Inc. grew its stake in shares of Sally Beauty by 18.4% during the second quarter. Principal Financial Group Inc. now owns 3,590,146 shares of the specialty retailer’s stock worth $42,794,000 after purchasing an additional 558,630 shares during the period. New York State Common Retirement Fund grew its stake in shares of Sally Beauty by 408.2% during the first quarter. New York State Common Retirement Fund now owns 412,710 shares of the specialty retailer’s stock worth $6,451,000 after purchasing an additional 331,496 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Sally Beauty by 79.3% in the first quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer’s stock valued at $9,941,000 after purchasing an additional 281,243 shares during 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.
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