Sally Beauty (NYSE:SBH) Price Target Raised to $13.00

Sally Beauty (NYSE:SBH) had its target price hoisted by DA Davidson from $12.00 to $13.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

Several other research firms also recently issued reports on SBH. Morgan Stanley upped their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Finally, StockNews.com raised shares of 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.00.

Sally Beauty Price Performance

SBH stock opened at $13.41 on Friday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 9.31 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 0.40. The company has a 50 day simple moving average of $12.96 and a 200 day simple moving average of $11.88. 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 data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same quarter last year, the business posted $0.42 EPS. Sally Beauty’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts anticipate that Sally Beauty will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Large investors have recently modified their holdings of the company. Foundry Partners LLC bought a new stake in Sally Beauty during the second quarter valued at $535,000. Lazard Asset Management LLC grew its stake in Sally Beauty by 303.7% during the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock worth $5,339,000 after purchasing an additional 323,438 shares during the period. Maverick Capital Ltd. increased its holdings in Sally Beauty by 141.3% in the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock worth $2,816,000 after purchasing an additional 153,707 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Sally Beauty by 120.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock worth $1,079,000 after buying an additional 55,000 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Sally Beauty by 9.1% during the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock worth $2,441,000 after buying an additional 16,314 shares during the period.

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.