Sally Beauty (NYSE:SBH) Upgraded at TD Cowen

TD Cowen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research note published on Monday, MarketBeat reports. TD Cowen currently has $16.00 target price on the specialty retailer’s stock, up from their previous target price of $14.00.

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

Sally Beauty Price Performance

Sally Beauty stock opened at $14.09 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 9.78 and a beta of 1.53. Sally Beauty has a 12-month low of $9.06 and a 12-month high of $14.64. 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 firm’s 50-day moving average is $13.07 and its two-hundred day moving average is $11.99.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the previous year, the company earned $0.42 EPS. Sally Beauty’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts predict that Sally Beauty will post 1.84 earnings per share for the current year.

Hedge Funds Weigh In On Sally Beauty

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Sally Beauty by 51.9% in the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 16,120 shares in the last quarter. Lazard Asset Management LLC raised its stake in Sally Beauty by 303.7% during the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock worth $5,339,000 after acquiring an additional 323,438 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Sally Beauty by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer’s stock worth $878,000 after acquiring an additional 3,862 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Sally Beauty by 29.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock valued at $222,000 after acquiring an additional 4,117 shares during the period. Finally, Hancock Whitney Corp bought a new position in shares of Sally Beauty during the first quarter valued at approximately $576,000.

About Sally Beauty

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.