Sally Beauty (NYSE:SBH) Stock Rating Upgraded by 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 on Wednesday.

Several other equities research analysts have also commented on SBH. Morgan Stanley decreased their price target 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. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Price Performance

Shares of SBH opened at $9.38 on Wednesday. The stock’s 50 day moving average is $10.90 and its two-hundred day moving average is $12.13. The firm has a market capitalization of $955.13 million, a PE ratio of 6.51 and a beta of 1.55. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty has a twelve month low of $9.03 and a twelve month high of $14.79.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. Research analysts anticipate that Sally Beauty will post 1.84 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock valued at $129,880,000 after purchasing an additional 279,222 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sally Beauty by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer’s stock valued at $42,316,000 after purchasing an additional 459,972 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Sally Beauty by 5.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer’s stock valued at $42,037,000 after purchasing an additional 214,108 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Sally Beauty by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock valued at $38,365,000 after purchasing an additional 156,580 shares during the last quarter.

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.