DA Davidson Forecasts Strong Price Appreciation for Sally Beauty (NYSE:SBH) Stock

Sally Beauty (NYSE:SBH) had its target price lifted by DA Davidson from $12.00 to $13.00 in a research note released on Friday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

A number of other equities research analysts also recently commented on the company. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Morgan Stanley boosted their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.00.

Sally Beauty Trading Down 2.7 %

SBH stock traded down $0.37 during trading on Friday, reaching $13.41. 1,852,802 shares of the stock were exchanged, compared to its average volume of 1,358,238. 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 market capitalization of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.53. The business has a 50 day moving average price of $12.96 and a 200-day moving average price 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 have recently made changes to their positions in the business. Hancock Whitney Corp raised its holdings in shares of Sally Beauty by 1.9% in the 3rd quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 773 shares in the last quarter. Diversified Trust Co lifted its holdings in Sally Beauty by 2.7% during the 2nd quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after buying an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Sally Beauty by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Sally Beauty by 7.1% during 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 in the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of Sally Beauty by 19.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 2,169 shares in the last quarter.

Sally Beauty Company Profile

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.