Sally Beauty (NYSE:SBH) Price Target Raised to $12.00

Sally Beauty (NYSE:SBH) had its target price increased by Morgan Stanley from $8.00 to $12.00 in a research note published on Friday,Benzinga reports. Morgan Stanley currently has an underweight rating on the specialty retailer’s stock.

A number of other research analysts also recently weighed in on the company. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. DA Davidson reissued a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. One research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.00.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $13.41 on Friday. Sally Beauty has a 1-year low of $8.59 and a 1-year high of $14.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.40. The business’s fifty day moving average price is $12.96 and its two-hundred day moving average price is $11.88. The firm has a market capitalization of $1.38 billion, a PE ratio of 9.31 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results 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. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the company posted $0.42 EPS. Sally Beauty’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts expect that Sally Beauty will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its position in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty during the third quarter worth about $64,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty during the first quarter worth about $64,000. nVerses Capital LLC acquired a new position in shares of Sally Beauty during the third quarter worth about $94,000. Finally, Quest Partners LLC boosted its position 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 valued at $78,000 after purchasing 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.