Sally Beauty (NYSE:SBH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research report report published on Friday.

Other research analysts have also issued research reports about the company. Piper Sandler cut their price target on Sally Beauty from $14.00 to $13.00 and set an overweight rating on the stock in a report on Thursday, July 11th. TD Cowen reduced their price objective on Sally Beauty from $13.00 to $11.00 and set a hold rating for the company in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $11.25.

Sally Beauty Trading Down 1.2 %

Shares of Sally Beauty stock traded down $0.12 on Friday, hitting $10.18. 2,029,117 shares of the company’s stock traded hands, compared to its average volume of 1,354,857. Sally Beauty has a one year low of $7.21 and a one year high of $13.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. The company has a fifty day moving average of $10.89 and a two-hundred day moving average of $11.49. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.93 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The company had revenue of $942.30 million for the quarter, compared to analyst estimates of $931.77 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Sally Beauty will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Sally Beauty by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock valued at $183,057,000 after acquiring an additional 52,343 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Sally Beauty by 53.6% in the fourth quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer’s stock valued at $73,478,000 after purchasing an additional 1,931,188 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Sally Beauty by 16.8% in the first quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock valued at $46,339,000 after purchasing an additional 535,753 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Sally Beauty by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer’s stock valued at $37,606,000 after purchasing an additional 48,497 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after purchasing an additional 833,720 shares in 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.