Sally Beauty (NYSE:SBH) Stock Price Expected to Rise, DA Davidson Analyst Says

Sally Beauty (NYSE:SBH) had its price objective hoisted by DA Davidson from $12.00 to $13.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Finally, Morgan Stanley boosted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and an average price target of $13.00.

Sally Beauty Trading Down 0.5 %

NYSE:SBH opened at $13.34 on Friday. The business’s 50-day moving average is $13.00 and its two-hundred day moving average is $11.90. The firm has a market capitalization of $1.37 billion, a PE ratio of 9.26 and a beta of 1.53. Sally Beauty has a 12 month low of $9.06 and a 12 month high of $14.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.40.

Sally Beauty (NYSE:SBH) last announced its earnings results 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 for 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 revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Research analysts predict that Sally Beauty will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently bought and sold shares of SBH. Geode Capital Management LLC lifted its holdings in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares during the last quarter. Barclays PLC lifted its stake in Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Quarry LP boosted its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty during the third quarter valued at $64,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Sally Beauty in the 3rd quarter worth about $1,080,000.

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.