Sally Beauty (SBH) Stock Rating Upgraded by Zacks Investment Research

Sally Beauty (NYSE:SBH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $21.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.01% from the company’s current price.

According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “

Other equities analysts have also recently issued reports about the stock. Cowen set a $18.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a report on Thursday, November 16th. DA Davidson upgraded shares of Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, October 16th. Robert W. Baird set a $24.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a report on Tuesday, November 14th. Oppenheimer restated a “hold” rating on shares of Sally Beauty in a report on Friday, November 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Sally Beauty in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.45.

Sally Beauty (SBH) traded up $0.36 during trading on Wednesday, hitting $18.42. 1,519,927 shares of the stock traded hands, compared to its average volume of 1,666,909. The company has a debt-to-equity ratio of -4.87, a quick ratio of 0.42 and a current ratio of 2.04. Sally Beauty has a fifty-two week low of $14.05 and a fifty-two week high of $26.13. The stock has a market cap of $2,330.00, a PE ratio of 11.88, a P/E/G ratio of 1.66 and a beta of 0.65.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The company had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $989.96 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue was down .2% on a year-over-year basis. research analysts anticipate that Sally Beauty will post 1.96 earnings per share for the current year.

In other Sally Beauty news, Director Edward W. Rabin acquired 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the acquisition, the director now owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.48% of the company’s stock.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Sally Beauty by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 559 shares during the last quarter. Flinton Capital Management LLC lifted its position in Sally Beauty by 86.8% during the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock worth $161,000 after acquiring an additional 3,696 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Sally Beauty during the 3rd quarter worth $197,000. Invictus RG acquired a new position in Sally Beauty during the 3rd quarter worth $202,000. Finally, M&T Bank Corp lifted its position in Sally Beauty by 0.6% during the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 65 shares during the last quarter.

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About Sally Beauty

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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