Sally Beauty (NYSE:SBH) Price Target Raised to $14.00

Sally Beauty (NYSE:SBH) had its price target increased by TD Cowen from $13.00 to $14.00 in a report published on Friday,Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

SBH has been the topic of a number of other research reports. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. DA Davidson boosted their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Sally Beauty currently has an average rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Performance

NYSE:SBH opened at $13.41 on Friday. The company has a market capitalization of $1.38 billion, a PE ratio of 9.31 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 2.20. The company has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $11.88. Sally Beauty has a fifty-two week low of $8.59 and a fifty-two 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, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. Research analysts anticipate that Sally Beauty will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On Sally Beauty

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in shares of Sally Beauty in the second quarter valued at approximately $11,796,000. Dimensional Fund Advisors LP boosted its stake in Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the period. Millennium Management LLC lifted its stake in Sally Beauty by 945.0% during the second quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock worth $9,099,000 after purchasing an additional 766,815 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of Sally Beauty by 96.8% in the first quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock valued at $15,199,000 after purchasing an additional 601,903 shares during the period. Finally, FMR LLC increased its holdings in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 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.