Sally Beauty (NYSE:SBH - Get Free Report) had its price target boosted by research analysts at Morgan Stanley from $8.00 to $12.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "underweight" rating on the specialty retailer's stock. Morgan Stanley's price target suggests a potential downside of 10.11% from the company's previous close.
Several other research firms also recently weighed in on SBH. DA Davidson reissued a "neutral" rating and set a $12.00 target price on shares of Sally Beauty in a research report on Tuesday, August 13th. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.00.
Read Our Latest Analysis on SBH
Sally Beauty Trading Down 3.1 %
SBH traded down $0.43 on Friday, hitting $13.35. The company had a trading volume of 1,094,866 shares, compared to its average volume of 1,354,675. The business's fifty day simple moving average is $12.93 and its 200 day simple moving average is $11.85. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69. Sally Beauty has a 12-month low of $8.59 and a 12-month high of $14.36. The company has a market cap of $1.37 billion, a PE ratio of 9.78 and a beta of 1.53.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Quarry LP grew its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after buying an additional 2,345 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Sally Beauty in the third quarter worth about $64,000. Point72 Asset Management L.P. bought a new position in Sally Beauty during the 3rd quarter worth about $1,080,000. Centiva Capital LP bought a new stake in shares of Sally Beauty in the 3rd quarter valued at about $431,000. Finally, Cinctive Capital Management LP bought a new position in shares of Sally Beauty during the third quarter valued at approximately $834,000.
About Sally Beauty
(
Get Free Report)
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.
Featured Articles
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
