Sally Beauty (NYSE:SBH) Upgraded by StockNews.com to “Buy” Rating

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

A number of other analysts have also recently commented on SBH. DA Davidson increased their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley raised their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, TD Cowen raised their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Performance

Shares of SBH stock opened at $12.97 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $11.96. Sally Beauty has a one year low of $9.06 and a one year high of $14.36.

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

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently bought and sold shares of SBH. Russell Investments Group Ltd. increased its position in Sally Beauty by 51.9% during the first quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 16,120 shares during the period. ProShare Advisors LLC increased its holdings in Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 1,426 shares during the period. Lazard Asset Management LLC increased its holdings in Sally Beauty by 303.7% in the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after buying an additional 323,438 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Sally Beauty by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock valued at $878,000 after buying an additional 3,862 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in Sally Beauty by 29.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 4,117 shares during the period.

About Sally Beauty

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.