Sally Beauty (NYSE:SBH - Get Free Report) was upgraded by investment analysts at Raymond James from an "underperform" rating to a "market perform" rating in a report issued on Friday, MarketBeat Ratings reports.
Other research analysts also recently issued reports about the company. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Morgan Stanley upped their target price on Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a report on Friday. Finally, DA Davidson reiterated a "neutral" rating and issued a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.00.
Get Our Latest Report on Sally Beauty
Sally Beauty Stock Performance
SBH traded down $0.37 on Friday, reaching $13.41. 1,852,801 shares of the stock were exchanged, compared to its average volume of 1,358,238. The company's 50-day moving average price is $12.93 and its 200 day moving average price is $11.85. 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 market capitalization of $1.38 billion, a PE ratio of 9.78 and a beta of 1.53. Sally Beauty has a fifty-two week low of $8.59 and a fifty-two week high of $14.36.
Hedge Funds Weigh In On Sally Beauty
Large investors have recently modified their holdings of the company. Quarry LP boosted its stake in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Sally Beauty in the 1st quarter worth about $64,000. Point72 DIFC Ltd acquired a new position in Sally Beauty in the third quarter valued at approximately $64,000. Quest Partners LLC grew its stake in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock worth $78,000 after buying an additional 7,243 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Sally Beauty during the 3rd quarter valued at about $94,000.
About Sally Beauty
(
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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.
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