Sally Beauty (NYSE:SBH) Rating Raised to Buy at StockNews.com

Sally Beauty (NYSE:SBH – Get a Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

SBH has been the subject of several other research reports. DA Davidson reissued a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research report on Tuesday, August 13th. Piper Sandler cut their price target on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.00, according to MarketBeat.com.

See the latest stock analysis on SBH

Sally Beauty stock rose 2.6%

SBH opened at $13.45 on Monday. The firm has a market cap of $1.38 billion, a P/E ratio of 9.17 and a beta of 1.54. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40, and a current ratio of 2.12. The company has a 50-day moving average price of $11.70 and a 200-day moving average price of $11.41. Sally Beauty has a 12-month low of $7.21 and a 12-month high of $13.91.

Sally Beauty (NYSE:SBH – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $931.77 million. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. Sally Beauty’s revenue for the quarter was up 1.2% on a year-over-year basis. In the same period last year, the company earned $0.49 per share. research analysts anticipate that Sally Beauty will post 1.66 EPS for the current year.

Institutional Trading of Sally Beauty

A number of hedge funds have recently modified their holdings of SBH. Quadrant Capital Group LLC lifted its position in Sally Beauty by 168.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after buying an additional 2,829 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty in the first quarter valued at approximately $64,000. Quest Partners LLC boosted its stake in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 shares during the period. Algert Global LLC purchased a new position in Sally Beauty in the second quarter valued at approximately $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty in the second quarter valued at approximately $117,000.

About Sally Beauty

(Get a free report)

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty products. 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 to retail customers, salons and salon professionals.

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