Sally Beauty (NYSE:SBH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Sally Beauty (NYSE:SBH) had its price target increased by Morgan Stanley from $8.00 to $12.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the specialty retailer’s stock.

A number of other brokerages also recently issued reports on SBH. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.00.

Sally Beauty Stock Performance

Shares of NYSE SBH opened at $13.34 on Friday. Sally Beauty has a 12 month low of $9.06 and a 12 month high of $14.36. The company has a market capitalization of $1.37 billion, a P/E ratio of 9.26 and a beta of 1.53. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $11.90. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that Sally Beauty will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently made changes to their positions in SBH. Quarry LP increased its stake in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty in the 1st quarter worth approximately $64,000. Point72 DIFC Ltd bought a new stake in Sally Beauty in the 3rd quarter valued at about $64,000. Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after buying an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Sally Beauty in the 3rd quarter valued at $94,000.

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.