At the time of writing, Sally Beauty Holdings Inc [SBH] stock is trading at $12.37, up 4.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SBH shares have gain 2.06% over the last week, with a monthly amount drifted -10.17%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sally Beauty Holdings Inc [NYSE: SBH] stock has seen the most recent analyst activity on December 15, 2022, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $15. Previously, Cowen downgraded its rating to Market Perform on August 12, 2022, and kept the price target unchanged to $17. On June 29, 2022, downgrade downgraded it’s rating to Underperform. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $12 on June 16, 2022. Oppenheimer downgraded its rating to a Perform. Raymond James upgraded its rating to Mkt Perform for this stock on July 14, 2021. In a note dated June 22, 2021, Oppenheimer upgraded an Outperform rating on this stock but restated the target price of $24.
For the past year, the stock price of Sally Beauty Holdings Inc fluctuated between $7.21 and $15.93. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. Sally Beauty Holdings Inc [NYSE: SBH] shares were valued at $12.37 at the most recent close of the market. An investor can expect a potential return of 15.84% based on the average SBH price forecast.
Analyzing the SBH fundamentals
According to Sally Beauty Holdings Inc [NYSE:SBH], the company’s sales were 3.70B for trailing twelve months, which represents an -2.69% plunge. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.35 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.97 points at the first support level, and at 11.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.63, and for the 2nd resistance point, it is at 12.89.
Sally Beauty Holdings Inc [SBH] reported earnings per share of $0.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.37/share, meaning a difference of $0.02 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.43 per share as compared to estimates of $0.46 per share, a difference of -$0.03 representing a surprise of -6.50%.
Ratios To Look Out For
It is important to note that Sally Beauty Holdings Inc [NYSE:SBH] has a current ratio of 2.20. Also, the Quick Ratio is 0.45, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 7.83.
Transactions by insiders
Recent insider trading involved Sherman Scott C,, that happened on Feb 22 ’24 when 10000.0 shares were sold. President & CEO, Paulonis Denise completed a deal on Dec 12 ’23 to buy 4000.0 shares.
