Sally Beauty (NYSE:SBH) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Sally Beauty (NYSE:SBH) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley raised their price objective on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. TD Cowen raised their price target on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday. DA Davidson upped their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.00.

Sally Beauty Price Performance

Shares of NYSE:SBH traded down $0.37 during midday trading on Friday, hitting $13.41. 1,852,802 shares of the stock were exchanged, compared to its average volume of 1,358,238. Sally Beauty has a twelve month low of $8.59 and a twelve month high of $14.36. The stock has a market cap of $1.38 billion, a P/E ratio of 9.79 and a beta of 1.53. The company has a 50 day moving average price of $12.96 and a 200-day moving average price of $11.87. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69.

Institutional Trading of Sally Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Sally Beauty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after buying an additional 43,016 shares in the last quarter. Barclays PLC lifted its holdings in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after acquiring an additional 56,879 shares in the last quarter. Quarry LP boosted its position in Sally Beauty by 369.3% during the 3rd 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 purchased a new stake in Sally Beauty during the 3rd quarter worth $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in Sally Beauty in the 3rd quarter valued at $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.