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

Sally Beauty (NYSE:SBH) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other analysts also recently weighed in on SBH. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. DA Davidson reduced their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Price Performance

Sally Beauty stock opened at $9.32 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The stock has a market cap of $949.66 million, a price-to-earnings ratio of 5.58 and a beta of 1.55. The firm has a 50-day moving average of $10.77 and a two-hundred day moving average of $12.10. Sally Beauty has a 1 year low of $9.03 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. On average, research analysts forecast that Sally Beauty will post 1.83 earnings per share for the current year.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

Several hedge funds and other institutional investors have recently modified their holdings of SBH. PharVision Advisers LLC acquired a new position in Sally Beauty during the 4th quarter valued at approximately $523,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sally Beauty by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer’s stock valued at $3,071,000 after acquiring an additional 47,246 shares during the period. Voloridge Investment Management LLC raised its stake in Sally Beauty by 33.4% in the 4th quarter. Voloridge Investment Management LLC now owns 926,701 shares of the specialty retailer’s stock worth $9,684,000 after acquiring an additional 232,253 shares during the last quarter. Woodline Partners LP lifted its position in Sally Beauty by 9.9% during the 4th quarter. Woodline Partners LP now owns 524,463 shares of the specialty retailer’s stock worth $5,481,000 after acquiring an additional 47,145 shares during the period. Finally, Vident Advisory LLC grew its stake in Sally Beauty by 9.6% during the 4th quarter. Vident Advisory LLC now owns 39,922 shares of the specialty retailer’s stock valued at $417,000 after purchasing an additional 3,505 shares during the last quarter.

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.