Sally Beauty (NYSE:SBH) Shares Gap Up – Still a Buy?

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.53, but opened at $13.35. Sally Beauty shares last traded at $13.19, with a volume of 111,049 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SBH shares. DA Davidson reissued a “neutral” rating and set a $12.00 target price on shares of Sally Beauty in a report on Tuesday, August 13th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

Sally Beauty Stock Up 9.5 %

The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1.41 billion, a PE ratio of 9.14 and a beta of 1.53. The business’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $11.84.

Institutional Trading of Sally Beauty

Hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Victory Capital Management Inc. raised its position in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after acquiring an additional 10,016 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sally Beauty by 34.0% during 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 acquiring an additional 833,720 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Sally Beauty by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after acquiring an additional 80,712 shares in the last quarter. Finally, Invenomic Capital Management LP raised its position in Sally Beauty by 96.8% during the first quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock valued at $15,199,000 after acquiring an additional 601,903 shares in the last quarter.

About Sally Beauty

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.