Sally Beauty (NYSE:SBH) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Sally Beauty (NYSE:SBH - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.

A number of other brokerages also recently weighed in on SBH. TD Cowen upped their price target on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a "hold" rating in a report on Friday, November 15th. Morgan Stanley upped their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. One equities research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.00.

Sally Beauty Stock Performance

SBH opened at $12.97 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53. Sally Beauty has a 12 month low of $9.06 and a 12 month high of $14.36. The firm's fifty day simple moving average is $13.05 and its 200 day simple moving average is $11.93. 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 (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same period in the previous year, the business earned $0.42 EPS. The company's revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Sally Beauty will post 1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Sally Beauty

Several large investors have recently modified their holdings of SBH. Quarry LP boosted its position in shares of 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 acquiring an additional 2,345 shares during the period. Point72 DIFC Ltd bought a new stake in Sally Beauty during the third quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty in the 1st quarter worth approximately $64,000. nVerses Capital LLC bought a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $94,000. Finally, Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock worth $78,000 after acquiring an additional 7,243 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.