Sally Beauty Holdings, Inc. (NYSE:SBH) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given an average recommendation of “Hold” by the three brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

A number of equities research analysts have recently commented on SBH shares. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Morgan Stanley increased their target price on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research report on Tuesday, August 13th.

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.77 on Friday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.05 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. Sally Beauty has a one year low of $8.59 and a one year high of $14.09. The company’s 50-day moving average is $12.93 and its 200 day moving average is $11.85.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty during the 1st quarter valued at about $64,000. Quest Partners LLC grew 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 buying an additional 7,243 shares during the period. nVerses Capital LLC purchased a new stake in Sally Beauty during the third quarter valued at approximately $94,000. Algert Global LLC bought a new position in Sally Beauty in the second quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Sally Beauty during the 2nd quarter worth $117,000.

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.