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

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

SBH has been the topic of a number of other research reports. Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the company 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 report on Monday, September 16th. Finally, Raymond James upgraded 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average target price of $13.00.

Sally Beauty Stock Performance

NYSE SBH opened at $13.41 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $12.96 and a 200 day simple moving average of $11.88. Sally Beauty has a 12-month low of $8.59 and a 12-month high of $14.36. The company has a market cap of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 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 company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts predict that Sally Beauty will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Sally Beauty

A number of large investors have recently added to or reduced their stakes in SBH. FMR LLC grew its position in shares of Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares during the period. Victory Capital Management Inc. raised its stake in shares of Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after buying an additional 10,016 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after acquiring an additional 833,720 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after acquiring an additional 80,712 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after acquiring an additional 43,016 shares during the period.

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.