Sally Beauty (NYSE:SBH) Upgraded at StockNews.com

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

Other equities research analysts have also recently issued reports about the company. DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective 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. 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 objective on the stock. Finally, Morgan Stanley lowered their price objective 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. One investment 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. Based on data from MarketBeat, the company presently has a consensus 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 stock has a market capitalization of $955.13 million, a price-to-earnings ratio of 6.51 and a beta of 1.55. Sally Beauty has a one year low of $9.03 and a one 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’s fifty day moving average is $10.90 and its 200-day moving average is $12.13.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Equities research analysts predict that Sally Beauty will post 1.84 EPS for the current year.

Insider Transactions at Sally Beauty

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

Institutional Trading of Sally Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of SBH. PharVision Advisers LLC bought a new position in shares of Sally Beauty during the fourth quarter valued at approximately $523,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sally Beauty by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer’s stock valued at $3,071,000 after acquiring an additional 47,246 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Sally Beauty by 33.4% during the fourth quarter. Voloridge Investment Management LLC now owns 926,701 shares of the specialty retailer’s stock valued at $9,684,000 after acquiring an additional 232,253 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Sally Beauty by 9.9% during the fourth quarter. Woodline Partners LP now owns 524,463 shares of the specialty retailer’s stock valued at $5,481,000 after acquiring an additional 47,145 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in Sally Beauty by 9.6% in the fourth quarter. Vident Advisory LLC now owns 39,922 shares of the specialty retailer’s stock worth $417,000 after purchasing an additional 3,505 shares in 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.