Sally Beauty (NYSE:SBH) Stock Price Expected to Rise, TD Cowen Analyst Says

Sally Beauty (NYSE:SBH) had its price objective lifted by research analysts at TD Cowen from $13.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s price objective would suggest a potential upside of 4.40% from the stock’s previous close.

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

Sally Beauty Stock Performance

SBH opened at $13.41 on Friday. The firm has a market cap of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53. The business’s fifty day moving average is $12.96 and its 200-day moving average is $11.87. Sally Beauty has a 52-week low of $8.59 and a 52-week high of $14.36. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 2.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SBH. Quarry LP increased its holdings in Sally Beauty by 369.3% in 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty in the first quarter valued at approximately $64,000. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty in the third quarter valued at approximately $64,000. Quest Partners LLC raised its holdings in Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Sally Beauty during the 3rd quarter worth approximately $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.