Sally Beauty (SBH) Upgraded by Zacks Investment Research to “Buy”

Sally Beauty (NYSE:SBH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $18.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 7.33% from the stock’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. “

Several other equities analysts have also recently weighed in on SBH. Buckingham Research decreased their price target on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty in a research note on Friday, November 24th. Oppenheimer reaffirmed a “hold” rating on shares of Sally Beauty in a research note on Wednesday, January 31st. DA Davidson cut shares of Sally Beauty from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $16.00 in a research note on Sunday, November 26th. Finally, Robert W. Baird set a $24.00 price target on shares of Sally Beauty and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Sally Beauty has a consensus rating of “Hold” and a consensus price target of $18.09.

Shares of Sally Beauty (NYSE SBH) opened at $16.77 on Friday. Sally Beauty has a 52 week low of $14.05 and a 52 week high of $23.83. The company has a debt-to-equity ratio of -4.87, a quick ratio of 0.42 and a current ratio of 2.04. The stock has a market capitalization of $1,992.93, a P/E ratio of 10.71, a P/E/G ratio of 1.50 and a beta of 0.42.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.26. The company had revenue of $994.96 million during the quarter, compared to analysts’ expectations of $990.18 million. Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. analysts anticipate that Sally Beauty will post 1.99 earnings per share for the current year.

In related news, Director Edward W. Rabin acquired 3,750 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the acquisition, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. Burgundy Asset Management Ltd. acquired a new stake in shares of Sally Beauty in the 2nd quarter valued at approximately $51,787,000. Lord Abbett & CO. LLC acquired a new stake in Sally Beauty during the 2nd quarter valued at $21,406,000. Alyeska Investment Group L.P. lifted its holdings in Sally Beauty by 92.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,579,143 shares of the specialty retailer’s stock valued at $30,920,000 after purchasing an additional 756,533 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sally Beauty by 75.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,898 shares of the specialty retailer’s stock valued at $28,551,000 after purchasing an additional 608,282 shares during the last quarter. Finally, First Quadrant L P CA lifted its holdings in Sally Beauty by 127.9% during the 4th quarter. First Quadrant L P CA now owns 1,021,791 shares of the specialty retailer’s stock valued at $19,169,000 after purchasing an additional 573,430 shares during the last quarter.

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Sally Beauty Company Profile

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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