Sally Beauty (NYSE:SBH) Rating Increased to Buy at StockNews.com

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

SBH has been the subject of several other research reports. TD Cowen boosted their price target on Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a report on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and an average price target of $13.00.

Sally Beauty Stock Performance

Sally Beauty stock opened at $12.97 on Friday. Sally Beauty has a twelve month low of $9.06 and a twelve month high of $14.36. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53. The stock’s 50 day moving average is $13.05 and its 200 day moving average is $11.97.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $935.88 million. During the same period last year, the company earned $0.42 EPS. Sally Beauty’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts predict that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in shares of 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 acquiring an additional 2,345 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty during the first quarter worth $64,000. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty during the third quarter worth $64,000. Quest Partners LLC boosted its stake in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Sally Beauty in the third quarter worth about $94,000.

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.