DA Davidson Issues Positive Forecast for Sally Beauty (NYSE:SBH) Stock Price

Sally Beauty (NYSE:SBH) had its price target boosted by equities research analysts at DA Davidson from $12.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. DA Davidson’s target price points to a potential downside of 3.06% from the company’s current price.

Several other research firms also recently weighed in on SBH. Morgan Stanley boosted their price target on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” 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 report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Sally Beauty presently has an average rating of “Hold” and a consensus price target of $13.00.

Sally Beauty Trading Down 2.7 %

NYSE:SBH opened at $13.41 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69. The firm has a fifty day simple moving average of $12.96 and a 200-day simple moving average of $11.87. Sally Beauty has a 12 month low of $8.59 and a 12 month high of $14.36. The company has a market capitalization of $1.38 billion, a P/E ratio of 9.79 and a beta of 1.53.

Institutional Trading of Sally Beauty

Hedge funds have recently modified their holdings of the stock. Quarry LP raised its position in Sally Beauty by 369.3% during 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sally Beauty during the 1st quarter worth approximately $64,000. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $64,000. Quest Partners LLC increased its holdings in shares of Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Sally Beauty in the 3rd quarter valued at $94,000.

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.