3 days Ago By Defense World Staff
Sally Beauty ( NYSE:SBH – Free Report ) had its price objective increased by TD Cowen from $13.00 to $14.00 in a report issued on Friday morning, Benzinga reports.
They currently have a hold rating on the specialty retailer’s stock. Several other analysts have also recently issued reports on the stock. Morgan Stanley upped their target price on shares of Sally Beauty from $8.
00 to $12.00 and gave the company an “underweight” rating in a research report on Friday. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday.
DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday.
Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock.
Based on data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and a consensus target price of $13.00.
Read Our Latest Stock Report on Sally Beauty Sally Beauty Stock Down 0.5 % Sally Beauty ( NYSE:SBH – Get Free Report ) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.
50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02.
The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million.
Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%.
The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.
42 EPS. Analysts predict that Sally Beauty will post 1.73 EPS for the current fiscal year.
Institutional Trading of Sally Beauty Several institutional investors and hedge funds have recently modified their holdings of SBH. Sei Investments Co. raised its stake in shares of Sally Beauty by 9.
1% during the first quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock valued at $2,441,000 after acquiring an additional 16,314 shares in the last quarter.
Russell Investments Group Ltd. raised its stake in shares of Sally Beauty by 51.9% during the first quarter.
Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock valued at $586,000 after acquiring an additional 16,120 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Sally Beauty by 7.
1% during the first quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 1,426 shares in the last quarter. Boulder Hill Capital Management LP bought a new stake in shares of Sally Beauty during the first quarter valued at approximately $1,027,000.
Finally, Lazard Asset Management LLC raised its stake in shares of Sally Beauty by 303.7% during the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after acquiring an additional 323,438 shares in the last quarter.
About Sally Beauty ( Get Free Report ) 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.
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