Sally Beauty (NYSE:SBH) Upgraded at StockNews.com

Sally Beauty (NYSE:SBH) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued reports about the company. DA Davidson cut their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday. Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. Morgan Stanley cut their target price 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. Finally, TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $12.70.

Sally Beauty Price Performance

SBH opened at $9.38 on Wednesday. The stock has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $12.13. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The company has a market cap of $955.13 million, a price-to-earnings ratio of 6.51 and a beta of 1.55. Sally Beauty has a 12-month low of $9.03 and a 12-month high of $14.79.

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

Insider Activity at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly 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 document filed with the SEC, which is available through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Trading of Sally Beauty

Several large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its stake in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 2,012 shares during the last quarter. Quarry LP lifted its position in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares in the last quarter. R Squared Ltd purchased a new position in Sally Beauty during the fourth quarter valued at $56,000. KBC Group NV grew its holdings in Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Sally Beauty in the third quarter worth about $64,000.

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.