Sally Beauty (NYSE:SBH) Lifted to Buy at StockNews.com

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

Other equities analysts also recently issued reports about the stock. Morgan Stanley decreased their price target on shares of Sally Beauty from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, August 22nd. DA Davidson decreased their target price on shares of Sally Beauty from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Sally Beauty Trading Down 3.2 %

SBH stock traded down $0.29 during trading on Monday, reaching $8.85. The company had a trading volume of 2,553,026 shares, compared to its average volume of 1,506,310. Sally Beauty has a 52 week low of $8.69 and a 52 week high of $18.42. The company has a market cap of $953.76 million, a P/E ratio of 5.94 and a beta of 1.35. The business has a 50 day moving average of $10.93 and a 200 day moving average of $12.45. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.12 and a quick ratio of 0.36.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Sally Beauty had a net margin of 4.33% and a return on equity of 52.92%. The company had revenue of $931.10 million during the quarter, compared to the consensus estimate of $945.42 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Sally Beauty’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Sally Beauty will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Sally Beauty by 0.7% during the second quarter. BlackRock Inc. now owns 16,913,070 shares of the specialty retailer’s stock valued at $208,876,000 after buying an additional 113,658 shares during the last quarter. FMR LLC grew its holdings in shares of Sally Beauty by 0.3% during the first quarter. FMR LLC now owns 16,099,289 shares of the specialty retailer’s stock valued at $250,827,000 after buying an additional 42,542 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Sally Beauty by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,812,947 shares of the specialty retailer’s stock valued at $148,844,000 after buying an additional 88,687 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Sally Beauty by 7.5% during the fourth quarter. Alliancebernstein L.P. now owns 8,610,218 shares of the specialty retailer’s stock valued at $107,800,000 after buying an additional 597,088 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Sally Beauty by 3.6% during the second quarter. State Street Corp now owns 4,529,832 shares of the specialty retailer’s stock valued at $55,943,000 after buying an additional 159,040 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.