Sally Beauty (NYSE:SBH) Rating Lowered to Hold at StockNews.com

Sally Beauty (NYSE:SBH) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts also recently commented on SBH. TD Cowen raised their price objective on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Friday. DA Davidson raised their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday. Finally, Morgan Stanley raised their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $13.00.

Sally Beauty Stock Performance

Shares of Sally Beauty stock traded down $0.37 during trading on Friday, reaching $13.41. The company’s stock had a trading volume of 1,852,801 shares, compared to its average volume of 1,358,238. The business’s fifty day moving average price is $12.96 and its 200-day moving average price is $11.87. Sally Beauty has a one year low of $8.59 and a one year high of $14.36. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of Sally Beauty in the 2nd quarter valued at approximately $11,796,000. Dimensional Fund Advisors LP increased 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 purchasing an additional 833,720 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after purchasing an additional 766,815 shares during the period. Invenomic Capital Management LP lifted its stake in Sally Beauty by 96.8% in the 1st quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock valued at $15,199,000 after purchasing an additional 601,903 shares during the last quarter. Finally, FMR LLC grew its holdings in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the period.

Sally Beauty Company Profile

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.