Sally Beauty (NYSE:SBH) has been given a $18.00 price objective by investment analysts at BMO Capital Markets in a research report issued on Thursday. The firm currently has a “hold” rating on the specialty retailer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 6.07% from the stock’s previous close.
SBH has been the topic of a number of other reports. Zacks Investment Research cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. Buckingham Research lowered their price target on Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. ValuEngine cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Bank of America lowered their price target on Sally Beauty from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Finally, Morgan Stanley cut Sally Beauty from an “equal weight” rating to an “underweight” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Sally Beauty has an average rating of “Hold” and a consensus price target of $18.27.
Sally Beauty (NYSE SBH) traded up $0.35 during midday trading on Thursday, reaching $16.97. The company had a trading volume of 4,840,000 shares, compared to its average volume of 2,210,000. The company has a current ratio of 1.97, a quick ratio of 0.42 and a debt-to-equity ratio of -5.17. Sally Beauty has a one year low of $14.05 and a one year high of $23.83. The stock has a market cap of $2,200.00, a PE ratio of 9.38, a PEG ratio of 1.60 and a beta of 0.42.
In other news, Director Edward W. Rabin acquired 3,750 shares of Sally Beauty stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $15.49 per share, with a total value of $58,087.50. Following the purchase, the director now directly owns 14,351 shares in the company, valued at approximately $222,296.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.97% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in Sally Beauty by 1,083.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 825,079 shares of the specialty retailer’s stock worth $15,478,000 after acquiring an additional 755,379 shares during the last quarter. Royce & Associates LP increased its stake in Sally Beauty by 24.7% in the 4th quarter. Royce & Associates LP now owns 658,403 shares of the specialty retailer’s stock worth $12,352,000 after acquiring an additional 130,238 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Sally Beauty by 5.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 136,329 shares of the specialty retailer’s stock worth $2,558,000 after acquiring an additional 6,569 shares during the last quarter. Schroder Investment Management Group increased its stake in Sally Beauty by 526.1% in the 4th quarter. Schroder Investment Management Group now owns 1,861,375 shares of the specialty retailer’s stock worth $34,920,000 after acquiring an additional 1,564,075 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Sally Beauty by 24.2% in the 4th quarter. Arizona State Retirement System now owns 92,432 shares of the specialty retailer’s stock worth $1,734,000 after acquiring an additional 18,013 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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