Sally Beauty (NYSE:SBH - Get Free Report) had its price target upped by analysts at TD Cowen from $13.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the specialty retailer's stock. TD Cowen's target price suggests a potential upside of 4.40% from the stock's previous close.
A number of other brokerages have also recently issued reports on SBH. Morgan Stanley boosted their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a report on Friday. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday. DA Davidson increased their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Sally Beauty presently has an average rating of "Hold" and a consensus price target of $13.00.
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Sally Beauty Price Performance
SBH stock traded down $0.37 during trading on Friday, hitting $13.41. The stock had a trading volume of 1,852,802 shares, compared to its average volume of 1,358,238. Sally Beauty has a 1-year low of $8.59 and a 1-year high of $14.36. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.53. The company's 50 day moving average price is $12.96 and its two-hundred day moving average price is $11.87. 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 Investors Weigh In On Sally Beauty
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP grew its holdings in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock valued at $40,000 after buying an additional 2,345 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty in the first quarter valued at approximately $64,000. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty in the third quarter worth $64,000. Quest Partners LLC increased its position 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 acquiring an additional 7,243 shares during the period. Finally, nVerses Capital LLC acquired a new position in Sally Beauty during the 3rd quarter valued at $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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