Sally Magnificence (NYSE:SBH) Downgraded by TheStreet

TheStreet downgraded shares of Sally Magnificence (NYSE:SBHGet Ranking) from a b- score to a c+ score in a analysis word launched on Thursday morning, TheStreetRatingsTable reviews.

Different equities analysts have additionally issued analysis reviews in regards to the firm. Cowen decreased their worth goal on Sally Magnificence from $30.00 to $20.00 in a analysis report on Friday, Might sixth. StockNews.com raised Sally Magnificence from a maintain score to a purchase score in a analysis word on Monday, June thirteenth. Cowen lowered their goal worth on Sally Magnificence from $30.00 to $20.00 in a report on Friday, Might sixth. Oppenheimer lowered Sally Magnificence from an outperform score to a market carry out score in a report on Thursday, Might fifth. Lastly, Morgan Stanley lowered Sally Magnificence from an equal weight score to an underweight score and decreased their worth goal for the inventory from $19.00 to $12.00 in a report on Thursday, June sixteenth. One analysis analyst has rated the inventory with a promote score, three have given a maintain score and one has given a purchase score to the inventory. In keeping with MarketBeat, the corporate presently has a median score of Maintain and a consensus goal worth of $18.70.

SBH inventory opened at $12.73 on Thursday. Sally Magnificence has a 12-month low of $11.52 and a 12-month excessive of $23.39. The corporate has a present ratio of two.27, a fast ratio of 0.59 and a debt-to-equity ratio of 5.08. The inventory’s 50 day easy shifting common is $14.45 and its 200 day easy shifting common is $16.37. The agency has a market cap of $1.36 billion, a P/E ratio of 5.61 and a beta of 1.34.

Sally Magnificence (NYSE:SBHGet Ranking) final issued its earnings outcomes on Thursday, Might fifth. The specialty retailer reported $0.47 earnings per share for the quarter, lacking the consensus estimate of $0.51 by ($0.04). The corporate had income of $911.40 million in the course of the quarter, in comparison with analyst estimates of $951.20 million. Sally Magnificence had a return on fairness of 104.07% and a web margin of 6.66%. Sally Magnificence’s quarterly income was down 1.6% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the enterprise earned $0.57 earnings per share. On common, analysis analysts forecast that Sally Magnificence will publish 2.3 EPS for the present fiscal 12 months.

A number of institutional buyers have lately made adjustments to their positions in SBH. Alternate Traded Ideas LLC raised its stake in Sally Magnificence by 1.6% within the fourth quarter. Alternate Traded Ideas LLC now owns 37,233 shares of the specialty retailer’s inventory valued at $687,000 after buying a further 596 shares within the final quarter. Comerica Financial institution grew its holdings in shares of Sally Magnificence by 0.8% in the course of the first quarter. Comerica Financial institution now owns 97,759 shares of the specialty retailer’s inventory value $1,590,000 after buying a further 785 shares over the last quarter. Yousif Capital Administration LLC grew its holdings in shares of Sally Magnificence by 0.8% in the course of the first quarter. Yousif Capital Administration LLC now owns 103,797 shares of the specialty retailer’s inventory value $1,622,000 after buying a further 785 shares over the last quarter. Nisa Funding Advisors LLC grew its holdings in shares of Sally Magnificence by 17.3% in the course of the first quarter. Nisa Funding Advisors LLC now owns 6,100 shares of the specialty retailer’s inventory value $95,000 after buying a further 900 shares over the last quarter. Lastly, Profund Advisors LLC grew its holdings in shares of Sally Magnificence by 8.1% in the course of the first quarter. Profund Advisors LLC now owns 12,580 shares of the specialty retailer’s inventory value $197,000 after buying a further 938 shares over the last quarter.

Sally Magnificence Firm Profile (Get Ranking)

Sally Magnificence Holdings, Inc operates as a specialty retailer and distributor {of professional} magnificence provides. The corporate operates by way of two segments, Sally Magnificence Provide and Magnificence Techniques Group. The Sally Magnificence Provide section presents magnificence merchandise, together with hair colour and care merchandise, pores and skin and nail care merchandise, styling instruments, and different magnificence merchandise for retail clients, salons, and salon professionals.

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