Sally Beauty (NYSE:SBH) Given New $22.00 Price Target at TD Cowen

Sally Beauty (NYSE:SBH) had its target price boosted by analysts at TD Cowen from $19.00 to $22.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. TD Cowen‘s price target would suggest a potential upside of 16.35% from the stock’s previous close.

Several other brokerages also recently commented on SBH. Canaccord Genuity Group upped their target price on Sally Beauty from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings cut Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Jefferies Financial Group set a $21.00 price target on Sally Beauty and gave the stock a “hold” rating in a research note on Wednesday. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Sally Beauty from $13.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Sally Beauty Trading Up 2.7%

Sally Beauty stock opened at $18.91 on Friday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 9.31 and a beta of 1.09. Sally Beauty has a 1 year low of $11.54 and a 1 year high of $21.06. The firm’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $15.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.57 and a current ratio of 2.37.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Tuesday, November 10th. The specialty retailer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $952.53 million during the quarter, compared to the consensus estimate of $950.12 million. Sally Beauty had a return on equity of 24.07% and a net margin of 5.36%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, research analysts predict that Sally Beauty will post 2.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Sally Beauty news, SVP John Howard Goss, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the senior vice president directly owned 65,484 shares in the company, valued at approximately $1,309,680. This trade represents a 43.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Sally Beauty in the second quarter worth approximately $223,172,000. Bank of New York Mellon Corp acquired a new position in Sally Beauty in the 2nd quarter valued at approximately $9,347,000. Pacer Advisors Inc. acquired a new position in Sally Beauty in the 1st quarter valued at approximately $8,102,000. Empowered Funds LLC acquired a new position in Sally Beauty in the 2nd quarter valued at approximately $7,264,000. Finally, Great Lakes Advisors LLC purchased a new stake in Sally Beauty in the 2nd quarter worth approximately $4,687,000.

About Sally Beauty

Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution. The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources. Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.