Sally Beauty (NYSE:SBH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Sally Beauty (NYSE:SBH) had its price target boosted by Morgan Stanley from $8.00 to $12.00 in a research report released on Friday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the specialty retailer’s stock.

Several other equities analysts have also recently weighed in on SBH. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Sally Beauty Stock Performance

NYSE:SBH opened at $13.41 on Friday. The stock has a market cap of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53. The stock has a 50 day simple moving average of $12.96 and a 200 day simple moving average of $11.88. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. Sally Beauty has a 1-year low of $8.59 and a 1-year high of $14.36.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. Research analysts anticipate that Sally Beauty will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares during the period. Barclays PLC raised its stake in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares during the period. Quarry LP raised its stake in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty during the 3rd quarter worth approximately $64,000. Finally, Point72 Asset Management L.P. bought a new stake in Sally Beauty during the 3rd quarter worth approximately $1,080,000.

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.