Sally Beauty (NYSE:SBH) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research report report published on Friday morning.

SBH has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sally Beauty in a report on Saturday, September 27th. TD Cowen lifted their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Cowen reiterated a “buy” rating on shares of Sally Beauty in a report on Thursday, September 4th. Zacks Research upgraded shares of Sally Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Canaccord Genuity Group raised their target price on shares of Sally Beauty from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

Sally Beauty Stock Performance

Shares of SBH stock opened at $16.65 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 2.41. Sally Beauty has a 52 week low of $7.54 and a 52 week high of $16.80. The company has a market capitalization of $1.65 billion, a P/E ratio of 8.95 and a beta of 1.34. The company’s 50 day moving average price is $13.77 and its two-hundred day moving average price is $10.58.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The company had revenue of $933.31 million for the quarter, compared to the consensus estimate of $928.78 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Sally Beauty has set its FY 2025 guidance at EPS. On average, analysts expect that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Insider Activity at Sally Beauty

In other news, CEO Denise Paulonis bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $11.74 per share, with a total value of $52,830.00. Following the completion of the purchase, the chief executive officer owned 366,865 shares of the company’s stock, valued at $4,306,995.10. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Max R. Rangel acquired 3,500 shares of Sally Beauty stock in a transaction on Thursday, September 4th. The shares were bought at an average cost of $14.07 per share, with a total value of $49,245.00. Following the completion of the transaction, the director owned 3,500 shares of the company’s stock, valued at approximately $49,245. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 10,500 shares of company stock valued at $132,125. 1.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sally Beauty by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer’s stock worth $3,071,000 after purchasing an additional 47,246 shares during the period. GAMMA Investing LLC boosted its position in Sally Beauty by 8,210.4% during the first quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer’s stock worth $384,000 after purchasing an additional 42,037 shares during the period. Parallel Advisors LLC boosted its position in Sally Beauty by 536.4% during the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. SG Americas Securities LLC bought a new stake in shares of Sally Beauty in the first quarter valued at about $309,000. Finally, SummerHaven Investment Management LLC boosted its position in shares of Sally Beauty by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer’s stock valued at $656,000 after acquiring an additional 1,323 shares during the period.

About Sally Beauty

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.