StockNews.com Upgrades Sally Beauty (NYSE:SBH) to “Buy”

StockNews.com upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a report issued on Saturday.

A number of other brokerages also recently issued reports on SBH. DA Davidson boosted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. TD Cowen boosted their price target on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, Morgan Stanley boosted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Performance

SBH opened at $12.97 on Friday. The company’s 50 day moving average is $13.05 and its 200-day moving average is $11.96. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.36. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same period last year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Sally Beauty

Hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in shares of Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Sally Beauty during the 1st quarter valued at $64,000. Point72 DIFC Ltd bought a new stake in Sally Beauty during the 3rd quarter valued at $64,000. Quest Partners LLC increased its stake in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Sally Beauty during the 3rd quarter valued at $94,000.

Sally Beauty Company Profile

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.