Sally Beauty (NYSE:SBH) Rating Lowered to Hold at StockNews.com

Sally Beauty (NYSE:SBH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also commented on the company. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. 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 report on Friday. Finally, TD Cowen upped their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.00.

Sally Beauty Stock Down 2.7 %

Shares of NYSE SBH opened at $13.41 on Friday. Sally Beauty has a 52-week low of $8.59 and a 52-week high of $14.36. 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 business has a fifty day moving average of $12.96 and a two-hundred day moving average of $11.87. The stock has a market cap of $1.38 billion, a PE ratio of 9.79 and a beta of 1.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foundry Partners LLC acquired a new position in shares of Sally Beauty in the second quarter valued at approximately $535,000. Lazard Asset Management LLC increased its holdings in Sally Beauty by 303.7% during the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock worth $5,339,000 after purchasing an additional 323,438 shares in the last quarter. Maverick Capital Ltd. raised its stake in shares of Sally Beauty by 141.3% in the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock valued at $2,816,000 after purchasing an additional 153,707 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Sally Beauty by 120.7% in the second quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock valued at $1,079,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Sally Beauty by 9.1% during the first quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock worth $2,441,000 after buying an additional 16,314 shares during the period.

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.