Sally Beauty (NYSE:SBH) Upgraded at StockNews.com

StockNews.com upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a report issued on Wednesday morning.

Several other research analysts have also recently commented on the company. DA Davidson reduced their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday. Morgan Stanley cut their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Canaccord Genuity Group began coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Finally, Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Stock Down 4.1 %

Shares of Sally Beauty stock opened at $8.94 on Wednesday. Sally Beauty has a 52-week low of $8.88 and a 52-week high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The business’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $12.09. The firm has a market cap of $910.96 million, a PE ratio of 5.35 and a beta of 1.55.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. On average, analysts predict that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Insider Transactions at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

A number of large investors have recently bought and sold shares of SBH. Federated Hermes Inc. lifted its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 2,012 shares during the period. Quarry LP grew its position in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth about $56,000. KBC Group NV boosted its stake in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Sally Beauty during the 3rd quarter valued at approximately $64,000.

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.