Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $12.53, but opened at $13.35. Sally Beauty shares last traded at $13.19, with a volume of 111,049 shares traded.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SBH. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. DA Davidson reaffirmed a "neutral" rating and issued a $12.00 price target on shares of Sally Beauty in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.00.
View Our Latest Stock Analysis on SBH
Sally Beauty Stock Performance
The firm has a market capitalization of $1.41 billion, a PE ratio of 10.05 and a beta of 1.53. The firm'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 quick ratio of 0.40 and a current ratio of 2.12.
Institutional Trading of Sally Beauty
A number of hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in Sally Beauty during the first quarter worth $64,000. Quest Partners LLC raised its holdings in Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock worth $78,000 after purchasing an additional 7,243 shares in the last quarter. nVerses Capital LLC acquired a new position in Sally Beauty in the third quarter valued at $94,000. Algert Global LLC acquired a new stake in shares of Sally Beauty in the 2nd quarter valued at about $113,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Sally Beauty during the second quarter worth approximately $117,000.
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.
Further Reading
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
