StockNews.com upgraded shares of Sally Beauty (NYSE:SBH – Get Rating) from a hold rating to a buy rating in a research note published on Monday morning.
SBH has been the subject of several other research reports. DA Davidson decreased their price target on Sally Beauty from $14.50 to $11.50 and set a neutral rating for the company in a report on Monday, November 14th. Morgan Stanley decreased their price target on Sally Beauty to $10.00 in a report on Wednesday, November 16th. Finally, Piper Sandler initiated coverage on Sally Beauty in a research note on Thursday, December 15th. They issued an overweight rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $14.10.
Get Sally Beauty alerts:Sally Beauty Trading Down 0.3 %
Shares of Sally Beauty stock opened at $12.14 on Monday. The stock has a fifty day simple moving average of $12.16 and a 200 day simple moving average of $13.09. Sally Beauty has a 12-month low of $10.95 and a 12-month high of $19.79. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.36 and a beta of 1.25. The company has a current ratio of 1.70, a quick ratio of 0.29 and a debt-to-equity ratio of 3.69.
Sally Beauty (NYSE:SBH – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 83.29% and a net margin of 4.81%. The business had revenue of $962.46 million during the quarter, compared to the consensus estimate of $943.88 million. On average, sell-side analysts anticipate that Sally Beauty will post 1.88 earnings per share for the current fiscal year.Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Sally Beauty by 143.5% during the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer's stock valued at $28,000 after buying an additional 1,289 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Sally Beauty by 1,882.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,458 shares of the specialty retailer's stock valued at $29,000 after buying an additional 2,334 shares during the last quarter. Assetmark Inc. lifted its position in shares of Sally Beauty by 146.0% during the 2nd quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer's stock valued at $29,000 after buying an additional 1,438 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Sally Beauty by 27.1% during the 2nd quarter. Captrust Financial Advisors now owns 6,402 shares of the specialty retailer's stock valued at $76,000 after buying an additional 1,366 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Sally Beauty by 69.7% during the 3rd quarter. UBS Group AG now owns 6,761 shares of the specialty retailer's stock valued at $85,000 after buying an additional 2,777 shares during the last quarter.
About Sally Beauty
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Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply (SBS) and Beauty Systems Group (BSG). The SBS segment offers beauty products, including hair color and care products, styling tools, skin and nail care products, cosmetics, and other beauty products for retail customers and salon professionals through retail stores and digital platforms.
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