Sally Beauty (NYSE:SBH) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Sally Beauty (NYSE:SBH) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $14.00 target price on the specialty retailer’s stock.

Several other research analysts also recently commented on SBH. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley raised their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.60.

Sally Beauty Stock Performance

NYSE:SBH opened at $11.27 on Thursday. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The business has a 50 day moving average of $12.21 and a 200 day moving average of $12.22. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.82 and a beta of 1.56.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, sell-side analysts predict that Sally Beauty will post 1.85 earnings per share for the current fiscal year.

Insider Activity at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the sale, the insider now owns 42,431 shares in the company, valued at $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after buying an additional 387,736 shares during the period. Victory Capital Management Inc. grew its holdings in Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after purchasing an additional 10,016 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after purchasing an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sally Beauty by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Sally Beauty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after purchasing an additional 43,016 shares during 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.