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

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


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

Several other research analysts have also recently issued reports on SBH. Raymond James cut shares of Sally Beauty from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 29th. Cowen cut their target price on shares of Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 5th. Morgan Stanley lowered shares of Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $19.00 to $12.00 in a research note on Thursday, June 16th. Finally, TheStreet lowered shares of Sally Beauty from a “b-” rating to a “c+” rating in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and an average price target of $18.70.

Sally Beauty Price Performance

Shares of Sally Beauty stock traded up $0.05 on Monday, hitting $13.69. The company had a trading volume of 872,496 shares, compared to its average volume of 1,460,554. The business has a 50-day simple moving average of $13.30 and a 200-day simple moving average of $15.46. The company has a debt-to-equity ratio of 5.08, a current ratio of 2.27 and a quick ratio of 0.59. The company has a market cap of $1.46 billion, a PE ratio of 6.03 and a beta of 1.41. Sally Beauty has a 52 week low of $11.28 and a 52 week high of $22.85.

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Sally Beauty (NYSE:SBH – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $911.40 million during the quarter, compared to the consensus estimate of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. Research analysts expect that Sally Beauty will post 2.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Sally Beauty

Several hedge funds have recently made changes to their positions in SBH. National Bank of Canada FI purchased a new stake in shares of Sally Beauty in the 4th quarter valued at approximately $126,000. New York State Teachers Retirement System increased its stake in Sally Beauty by 1.4% in the 4th quarter. New York State Teachers Retirement System now owns 71,506 shares of the specialty retailer’s stock valued at $1,320,000 after buying an additional 993 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Sally Beauty in the 4th quarter valued at approximately $1,040,000. Hussman Strategic Advisors Inc. increased its stake in Sally Beauty by 67.7% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 156,000 shares of the specialty retailer’s stock valued at $2,880,000 after buying an additional 63,000 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in Sally Beauty in the 4th quarter valued at approximately $1,902,000.

Sally Beauty Company Profile

(GetRating)

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.

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