Sally Beauty (NYSE:SBH) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Several other equities research analysts also recently commented on SBH. DA Davidson restated a neutral rating and issued a $12.00 price target on shares of Sally Beauty in a research report on Tuesday, August 13th. Piper Sandler reduced their price target on shares of Sally Beauty from $14.00 to $13.00 and set an overweight rating for the company in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $11.00.

Sally Beauty Stock Up 3.0 %

SBH stock opened at $13.59 on Monday. Sally Beauty has a 12 month low of $7.21 and a 12 month high of $13.94. The firm has a market cap of $1.39 billion, a PE ratio of 9.24 and a beta of 1.54. The firm has a 50 day simple moving average of $11.83 and a 200 day simple moving average of $11.43. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

Sally Beauty (NYSE:SBH) last released 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 net margin of 3.99% and a return on equity of 31.88%. The business had revenue of $942.30 million during the quarter, compared to analyst estimates of $931.77 million. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Sally Beauty will post 1.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SBH. Charles Schwab Investment Management Inc. increased its stake in Sally Beauty by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,242,861 shares of the specialty retailer’s stock valued at $29,785,000 after buying an additional 131,603 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Sally Beauty by 141.4% during the 4th quarter. BNP Paribas Financial Markets now owns 251,153 shares of the specialty retailer’s stock valued at $3,335,000 after purchasing an additional 147,103 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Sally Beauty by 168.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 2,829 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Sally Beauty by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock valued at $783,000 after purchasing an additional 814 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Sally Beauty by 328.6% during the 4th quarter. Allianz Asset Management GmbH now owns 241,863 shares of the specialty retailer’s stock valued at $3,212,000 after purchasing an additional 185,433 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.