Sally Beauty (NYSE:SBH) Stock Price Expected to Rise, DA Davidson Analyst Says

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

SBH has been the subject of several other reports. Morgan Stanley upped their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.00.

Sally Beauty Price Performance

Sally Beauty stock opened at $13.41 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. 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 firm has a 50-day moving average of $12.96 and a two-hundred day moving average of $11.87. Sally Beauty has a 1 year low of $8.59 and a 1 year high of $14.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP boosted its stake in 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty during the first quarter worth $64,000. Point72 DIFC Ltd purchased a new stake in shares of Sally Beauty during the 3rd quarter valued at $64,000. Quest Partners LLC boosted its position 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 purchasing an additional 7,243 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Sally Beauty during the 3rd quarter worth $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.