Sally Beauty (NYSE:SBH) Upgraded at TD Cowen

TD Cowen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a report released on Monday morning, Marketbeat.com reports. They currently have $16.00 price objective on the specialty retailer’s stock, up from their prior price objective of $14.00.

Other equities research analysts have also recently issued reports about the company. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley upped their target price 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. Finally, Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Price Performance

SBH stock opened at $14.14 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty has a 1 year low of $9.06 and a 1 year high of $14.79. The firm has a 50-day moving average of $13.09 and a 200 day moving average of $12.02. The company has a market cap of $1.44 billion, a P/E ratio of 9.82 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, sell-side analysts forecast that Sally Beauty will post 1.84 EPS for the current year.

Insider Buying and Selling

In related news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after buying an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after buying an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after acquiring an additional 80,712 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 43,016 shares in the last quarter.

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.