Sally Beauty (NYSE:SBH) Price Target Raised to $14.00 at TD Cowen

Sally Beauty (NYSE:SBH) had its price objective boosted by TD Cowen from $13.00 to $14.00 in a report published on Friday,Benzinga reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the company. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Morgan Stanley lifted their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. DA Davidson lifted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.00.

Sally Beauty Stock Down 2.7 %

Shares of SBH traded down $0.37 on Friday, reaching $13.41. The stock had a trading volume of 1,852,802 shares, compared to its average volume of 1,358,238. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. The company has a 50-day simple moving average of $12.96 and a 200-day simple moving average of $11.87. Sally Beauty has a 12-month low of $8.59 and a 12-month high of $14.36.

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after purchasing an additional 43,016 shares in the last quarter. Barclays PLC lifted its holdings in Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares during the period. Quarry LP lifted its holdings in Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after buying an additional 2,345 shares during the period. Point72 DIFC Ltd purchased a new stake in Sally Beauty during the third quarter worth $64,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sally Beauty during the 3rd quarter valued at $1,080,000.

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.