Sally Beauty (NYSE:SBH) Rating Increased to Buy at TD Cowen

TD Cowen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a report published on Monday morning, MarketBeat Ratings reports. They currently have $16.00 price objective on the specialty retailer’s stock, up from their prior price objective of $14.00.

A number of other brokerages also recently issued reports on SBH. Morgan Stanley lifted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson increased their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Stock Up 8.6 %

Shares of NYSE SBH opened at $14.09 on Monday. Sally Beauty has a 52-week low of $9.06 and a 52-week high of $14.64. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $13.07 and its two-hundred day moving average is $11.99. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 9.78 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share 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 company 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. Sally Beauty’s revenue was up 1.5% compared to the same quarter last year. Research analysts predict that Sally Beauty will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,345 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Sally Beauty during the third quarter worth $64,000. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty in the first quarter valued at $64,000. nVerses Capital LLC acquired a new position in shares of Sally Beauty during the 3rd quarter worth $94,000. Finally, Quest Partners LLC raised its stake in shares of Sally Beauty by 16,095.6% during the 2nd 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 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.