Sally Beauty (NYSE:SBH) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also weighed in on SBH. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. TD Cowen increased their price target on Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley cut their price objective on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.40.

Sally Beauty Trading Down 0.7%

NYSE SBH opened at $16.72 on Friday. Sally Beauty has a one year low of $11.54 and a one year high of $17.92. The company’s 50 day moving average price is $14.35 and its 200 day moving average price is $14.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 8.71 and a beta of 1.03.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned $0.51 earnings per share. Sally Beauty’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. On average, sell-side analysts predict that Sally Beauty will post 2.07 EPS for the current year.

Insider Transactions at Sally Beauty

In other news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of Sally Beauty 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 sale, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. This trade represents a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SBH. BlackRock Inc. purchased a new stake in Sally Beauty during the 2nd quarter worth $223,172,000. Dimensional Fund Advisors LP boosted its position in 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 valued at $81,323,000 after buying an additional 202,020 shares during the last quarter. State Street Corp boosted its position in Sally Beauty by 4.4% in the 4th quarter. State Street Corp now owns 4,606,736 shares of the specialty retailer’s stock valued at $65,692,000 after buying an additional 192,560 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of Sally Beauty during the third quarter valued at about $74,842,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sally Beauty by 46.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock valued at $56,783,000 after acquiring an additional 1,254,125 shares in the last quarter.

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.