Sally Beauty (NYSE:SBH) Stock Rating Upgraded by StockNews.com

Sally Beauty (NYSE:SBH) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities analysts also recently commented on SBH. TD Cowen dropped their target price on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Piper Sandler dropped their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.25.

Sally Beauty Price Performance

Shares of SBH stock traded down $0.12 on Friday, hitting $10.18. 2,029,117 shares of the company’s stock were exchanged, compared to its average volume of 1,354,857. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. Sally Beauty has a 12 month low of $7.21 and a 12 month high of $13.91. The stock has a market cap of $1.05 billion, a P/E ratio of 6.92 and a beta of 1.54. The company has a 50 day moving average of $10.89 and a 200 day moving average of $11.50.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $942.30 million during the quarter, compared to the consensus estimate of $931.77 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. On average, equities research analysts predict that Sally Beauty will post 1.69 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. CWM LLC grew its stake in Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 1,401 shares during the period. Quadrant Capital Group LLC grew its stake in Sally Beauty by 168.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 2,829 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the first quarter worth approximately $64,000. Quest Partners LLC grew its stake in Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Sally Beauty during the second quarter worth approximately $117,000.

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.