TD Cowen Lowers Sally Beauty (NYSE:SBH) Price Target to $11.00

Sally Beauty (NYSE:SBH) had its price objective lowered by TD Cowen from $13.00 to $11.00 in a report published on Wednesday, Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

A number of other research analysts have also commented on the company. DA Davidson increased their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. Piper Sandler decreased their price objective on Sally Beauty from $17.00 to $16.00 and set an overweight rating on the stock in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $12.00.

Sally Beauty Stock Down 0.4 %

NYSE SBH opened at $10.31 on Wednesday. The firm has a market cap of $1.08 billion, a PE ratio of 6.57 and a beta of 1.46. Sally Beauty has a one year low of $7.21 and a one year high of $14.64. The stock’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.13. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. Sally Beauty’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. As a group, sell-side analysts forecast that Sally Beauty will post 1.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SBH. Royal Bank of Canada lifted its stake in shares of Sally Beauty by 143.5% in the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 1,289 shares during the period. US Bancorp DE lifted its stake in shares of Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 1,311 shares during the period. State of Wyoming acquired a new stake in Sally Beauty during the 4th quarter worth $32,000. CWM LLC raised its stake in Sally Beauty by 107.9% during the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after buying an additional 1,401 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Sally Beauty during the 4th quarter worth $46,000.

About Sally Beauty

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.