Sally Beauty (NYSE:SBH) Stock Rating Upgraded by StockNews.com

Sally Beauty (NYSE:SBH) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group assumed coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Finally, DA Davidson cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Trading Up 0.9 %

NYSE:SBH opened at $9.38 on Wednesday. The firm has a market cap of $955.13 million, a PE ratio of 6.51 and a beta of 1.55. The stock has a fifty day moving average price of $10.90 and a 200 day moving average price of $12.13. Sally Beauty has a 12-month low of $9.03 and a 12-month high of $14.79. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Sell-side analysts anticipate that Sally Beauty will post 1.84 earnings per share for the current fiscal year.

Insider Transactions at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors have recently added to or reduced their stakes in SBH. Federated Hermes Inc. increased its position in Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares during the period. Quarry LP increased its position in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares during the period. R Squared Ltd acquired a new position in Sally Beauty in the 4th quarter valued at about $56,000. KBC Group NV boosted its holdings in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Sally Beauty in the 3rd quarter valued at approximately $64,000.

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.