Sally Beauty (NYSE:SBH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Sally Beauty Holdings, Inc. (NYSE:SBH – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.65 and traded as high as $13.71. Sally Beauty shares last traded at $13.40, with a volume of 2,112,291 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SBH. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Piper Sandler reduced their target price 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. Finally, DA Davidson reissued a “neutral” rating and set a $12.00 price target on shares of Sally Beauty in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of “Hold” and an average target price of $11.00.

Read Our Latest Report on SBH

Sally Beauty Trading Up 1.3 %

The company has a market capitalization of $1.38 billion, a P/E ratio of 9.85 and a beta of 1.53. The business has a 50 day moving average price of $12.91 and a 200 day moving average price of $11.68. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69.

Sally Beauty (NYSE:SBH – Get Free Report) last issued its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The firm had revenue of $942.30 million during the quarter, compared to the consensus estimate of $931.77 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. Vanguard Group Inc. lifted its holdings in shares of Sally Beauty by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock valued at $183,057,000 after purchasing an additional 52,343 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Sally Beauty by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer’s stock worth $37,606,000 after buying an additional 48,497 shares during the period. Dimensional Fund Advisors LP lifted its stake in Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after buying an additional 833,720 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Sally Beauty by 96.8% in the first quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock valued at $15,199,000 after buying an additional 601,903 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Sally Beauty in the second quarter valued at approximately $11,796,000.

Sally Beauty Company Profile

(Get Free Report)

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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