Sally Beauty (NYSE:SBH) Given New $14.00 Price Target at TD Cowen

Sally Beauty (NYSE:SBH) had its price objective hoisted by TD Cowen from $13.00 to $14.00 in a research report report published on Friday morning,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on SBH. Morgan Stanley lifted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday. DA Davidson increased their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Down 2.7 %

SBH opened at $13.41 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53. Sally Beauty has a 12 month low of $8.59 and a 12 month high of $14.36. The business has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $11.88. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.40.

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

Institutional Trading of Sally Beauty

Several hedge funds have recently made changes to their positions in the stock. Quarry LP raised its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty in the 3rd quarter worth $64,000. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the 1st quarter worth about $64,000. nVerses Capital LLC purchased a new stake in shares of Sally Beauty in the 3rd quarter valued at approximately $94,000. Finally, Quest Partners LLC boosted its position 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 during the period.

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.