Sally Beauty (NYSE:SBH) Given New $14.00 Price Target at TD Cowen

Sally Beauty (NYSE:SBH) had its price objective lifted by TD Cowen from $13.00 to $14.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on SBH. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Morgan Stanley raised their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Down 2.7 %

NYSE:SBH traded down $0.37 during trading hours on Friday, reaching $13.41. 1,852,802 shares of the stock were exchanged, compared to its average volume of 1,358,238. Sally Beauty has a twelve month low of $8.59 and a twelve month high of $14.36. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. The firm has a 50 day moving average of $12.96 and a 200 day moving average of $11.87. The stock has a market cap of $1.38 billion, a PE ratio of 9.79 and a beta of 1.53.

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its position in Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 773 shares during the last quarter. Diversified Trust Co grew its position in Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Sally Beauty by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after buying an additional 1,395 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Sally Beauty by 19.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,169 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.