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 research report released on Saturday morning.

Several other research firms have also weighed in on SBH. 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 objective 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. TD Cowen increased their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Morgan Stanley lifted their price target on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Trading Up 8.6 %

Shares of NYSE:SBH opened at $14.09 on Friday. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. Sally Beauty has a 52-week low of $9.06 and a 52-week high of $14.64. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 9.78 and a beta of 1.53. The business has a 50-day moving average price of $13.07 and a 200-day moving average price of $11.99.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that Sally Beauty will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SBH. Hancock Whitney Corp increased its position in shares of Sally Beauty by 1.9% during the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 773 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Sally Beauty by 2.7% in the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Sally Beauty by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares during the last quarter. ProShare Advisors LLC grew its stake in Sally Beauty by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 2,169 shares during the last quarter.

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.