Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Average Rating of "Hold" from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) has earned an average recommendation of "Hold" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of research firms recently commented on SBH. DA Davidson boosted their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley increased 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. TD Cowen boosted their price target on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a "hold" rating in a research report on Friday. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Finally, Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday.

Sally Beauty Price Performance

NYSE SBH traded down $0.37 on Friday, reaching $13.41. The company had a trading volume of 1,852,801 shares, compared to its average volume of 1,358,238. The firm's 50 day moving average price is $12.93 and its 200 day moving average price is $11.85. Sally Beauty has a 12 month low of $8.59 and a 12 month high of $14.36. The stock has a market capitalization of $1.38 billion, a PE ratio of 9.78 and a beta of 1.53. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SBH. Sei Investments Co. boosted its position in shares of Sally Beauty by 9.1% during the first quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer's stock valued at $2,441,000 after buying an additional 16,314 shares during the period. Russell Investments Group Ltd. boosted its holdings in Sally Beauty by 51.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer's stock valued at $586,000 after acquiring an additional 16,120 shares during the period. ProShare Advisors LLC grew its position in Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer's stock valued at $268,000 after acquiring an additional 1,426 shares during the last quarter. Boulder Hill Capital Management LP purchased a new stake in Sally Beauty in the first quarter worth $1,027,000. Finally, Lazard Asset Management LLC lifted its position in shares of Sally Beauty by 303.7% during the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer's stock worth $5,339,000 after purchasing an additional 323,438 shares during 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.