TD Cowen Forecasts Strong Price Appreciation for Sally Beauty (NYSE:SBH) Stock

Sally Beauty (NYSE:SBH) had its price target raised by TD Cowen from $13.00 to $14.00 in a research note published on Friday,Benzinga reports. TD Cowen currently has a hold rating on the specialty retailer’s stock.

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

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.34 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.26 and a beta of 1.53. The company’s 50 day moving average is $13.00 and its 200 day moving average is $11.90. The company has a quick ratio of 0.40, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. Sally Beauty has a 52-week low of $9.06 and a 52-week high of $14.36.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping 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 business 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 company earned $0.42 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Sally Beauty will post 1.73 EPS for the current fiscal year.

Institutional Trading of Sally Beauty

Several large investors have recently bought and sold shares of SBH. Sei Investments Co. grew its stake in Sally Beauty by 9.1% during the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock valued at $2,441,000 after acquiring an additional 16,314 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Sally Beauty by 51.9% in the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 16,120 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after acquiring an additional 1,426 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Sally Beauty in the 1st quarter worth approximately $1,027,000. Finally, Lazard Asset Management LLC lifted its holdings in Sally Beauty by 303.7% during the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock worth $5,339,000 after buying an additional 323,438 shares in 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.