Sally Beauty (NYSE:SBH) Shares Down 11.2%

Sally Beauty Holdings, Inc. (NYSE:SBH) traded down 11.2% during trading on Monday . The stock traded as low as $9.06 and last traded at $9.12. 1,479,845 shares traded hands during trading, an increase of 6% from the average session volume of 1,389,764 shares. The stock had previously closed at $10.27.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. TD Cowen lowered their price target on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $11.25.

Sally Beauty Stock Down 8.3 %

The stock has a market capitalization of $975.10 million, a P/E ratio of 6.41 and a beta of 1.54. The stock’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $11.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm had revenue of $908.36 million for the quarter, compared to the consensus estimate of $910.72 million. During the same quarter in the previous year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Sally Beauty during the fourth quarter worth $136,000. Raymond James & Associates bought a new position in Sally Beauty in the 4th quarter valued at about $3,744,000. Ballentine Partners LLC boosted its stake in Sally Beauty by 9.8% during the 4th quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 1,043 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Sally Beauty during the 4th quarter worth approximately $716,000. Finally, DGS Capital Management LLC raised its stake in shares of Sally Beauty by 170.9% in the fourth quarter. DGS Capital Management LLC now owns 41,933 shares of the specialty retailer’s stock worth $557,000 after purchasing an additional 26,454 shares during the last quarter.

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.