Sally Beauty (NYSE:SBH) Stock Rating Upgraded by TD Cowen

Sally Beauty (NYSE:SBH) was upgraded by TD Cowen from a “hold” rating to a “buy” rating in a report released on Monday,Briefing.com Automated Import reports. The brokerage currently has a $16.00 price target on the specialty retailer’s stock, up from their previous price target of $14.00. TD Cowen’s price target points to a potential upside of 23.36% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley raised their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.50.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $12.97 on Monday. The stock’s fifty day moving average is $13.05 and its 200 day moving average is $11.97. The stock has a market capitalization 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 quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty has a 52 week low of $9.06 and a 52 week high of $14.36.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. Sell-side analysts forecast that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Large investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its position in Sally Beauty by 1.9% during the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 773 shares during the period. Diversified Trust Co lifted its position in shares of Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Sally Beauty by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares during the period. Evergreen Capital Management LLC grew its position in shares of Sally Beauty by 19.9% in the second quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Quarry LP increased its position in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,345 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.