DA Davidson Issues Positive Forecast for Sally Beauty (NYSE:SBH) Stock Price

Sally Beauty (NYSE:SBH) had its price target upped by DA Davidson from $12.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. DA Davidson’s price target would suggest a potential downside of 2.84% from the company’s previous close.

A number of other equities research analysts also recently commented on SBH. Morgan Stanley lifted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock 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. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.25.

Sally Beauty Stock Down 2.9 %

SBH traded down $0.40 during trading on Friday, reaching $13.38. The stock had a trading volume of 889,581 shares, compared to its average volume of 1,353,899. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.77 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69. Sally Beauty has a one year low of $8.59 and a one year high of $14.36. The stock’s 50 day moving average is $12.93 and its two-hundred day moving average is $11.85.

Institutional Investors Weigh In On Sally Beauty

Large investors have recently modified their holdings of the company. Sei Investments Co. increased its holdings in Sally Beauty by 9.1% during the 1st 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. lifted its stake in Sally Beauty by 51.9% during the first quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock worth $586,000 after purchasing an additional 16,120 shares during the last quarter. ProShare Advisors LLC boosted its holdings 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 during the period. Boulder Hill Capital Management LP acquired a new stake in Sally Beauty in the first quarter worth about $1,027,000. Finally, Lazard Asset Management LLC raised its position in Sally Beauty by 303.7% in the first quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock worth $5,339,000 after acquiring an additional 323,438 shares in the last quarter.

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.