Sally Beauty (NYSE:SBH) Raised to Buy at TD Cowen

TD Cowen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. They currently have $16.00 target price on the specialty retailer’s stock, up from their prior target price of $14.00.

A number of other research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley boosted their target price on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. Finally, DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sally Beauty has an average rating of “Hold” and a consensus price target of $13.50.

Sally Beauty Trading Down 0.6 %

SBH opened at $14.14 on Monday. The stock has a 50-day moving average of $13.10 and a 200 day moving average of $12.03. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty has a 12 month low of $9.06 and a 12 month high of $14.79. The firm has a market cap of $1.44 billion, a P/E ratio of 9.82 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. As a group, research analysts forecast that Sally Beauty will post 1.84 EPS for the current year.

Insider Buying and Selling at Sally Beauty

In other news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors have recently bought and sold shares of the business. Quarry LP grew its stake in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty in the 3rd quarter valued at about $64,000. DekaBank Deutsche Girozentrale bought a new position in shares of Sally Beauty during the 1st quarter worth approximately $64,000. nVerses Capital LLC purchased a new stake in Sally Beauty during the third quarter valued at approximately $94,000. Finally, Quest Partners LLC boosted its stake in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 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.