Sally Beauty (SBH) Upgraded to “Buy” at Zacks Investment Research

Sally Beauty (NYSE:SBH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $18.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 8.43% from the stock’s current price.

According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “

Several other equities research analysts have also commented on the stock. Buckingham Research dropped their price target on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. ValuEngine lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of Sally Beauty in a research note on Wednesday, January 31st. Robert W. Baird set a $21.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, DA Davidson lowered shares of Sally Beauty from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $16.00 in a research note on Sunday, November 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Sally Beauty presently has a consensus rating of “Hold” and an average target price of $18.09.

Shares of Sally Beauty (NYSE SBH) opened at $16.60 on Friday. Sally Beauty has a 12 month low of $14.05 and a 12 month high of $23.83. The company has a market cap of $1,992.93, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.50 and a beta of 0.42. The company has a quick ratio of 0.42, a current ratio of 2.04 and a debt-to-equity ratio of -4.87.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The company had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. During the same quarter last year, the business earned $0.39 earnings per share. Sally Beauty’s revenue was down .5% compared to the same quarter last year. equities research analysts forecast that Sally Beauty will post 1.99 EPS for the current fiscal year.

In related news, Director Edward W. Rabin acquired 3,750 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the purchase, the director now directly owns 14,351 shares of the company’s stock, valued at $222,296.99. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp increased its stake in shares of Sally Beauty by 0.6% during the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 65 shares during the period. Scotia Capital Inc. increased its stake in shares of Sally Beauty by 0.9% during the second quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 200 shares during the period. Alliancebernstein L.P. increased its stake in shares of Sally Beauty by 0.6% during the second quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock valued at $1,788,000 after acquiring an additional 490 shares during the period. Stifel Financial Corp increased its stake in shares of Sally Beauty by 8.6% during the third quarter. Stifel Financial Corp now owns 39,693 shares of the specialty retailer’s stock valued at $778,000 after acquiring an additional 3,144 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Sally Beauty by 5.4% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,584 shares of the specialty retailer’s stock valued at $1,155,000 after acquiring an additional 3,170 shares during the period.

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Sally Beauty Company Profile

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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