Sally Beauty (NYSE:SBH) Stock Rating Lowered by StockNews.com

Sally Beauty (NYSE:SBH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

SBH has been the topic of a number of other research reports. TD Cowen upped their price target on shares of Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Friday. Morgan Stanley boosted their price objective on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Finally, DA Davidson lifted their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.00.

Sally Beauty Trading Down 2.7 %

SBH stock opened at $13.41 on Friday. 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 has a fifty day moving average price of $12.96 and a two-hundred day moving average price of $11.87. Sally Beauty has a one year low of $8.59 and a one year high of $14.36. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SBH. Geode Capital Management LLC lifted its position in shares of Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after acquiring an additional 43,016 shares during the period. Barclays PLC raised its stake in Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after purchasing an additional 56,879 shares in the last quarter. Quarry LP lifted 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 worth $40,000 after purchasing an additional 2,345 shares during the period. Point72 DIFC Ltd acquired a new stake in Sally Beauty during the third quarter worth about $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in Sally Beauty during the third quarter worth about $1,080,000.

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.