Sally Beauty (NYSE:SBH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sally Beauty (NYSE:SBH) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

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

Sally Beauty Stock Up 3.1%

SBH opened at $14.53 on Friday. Sally Beauty has a 12 month low of $7.54 and a 12 month high of $16.82. The company has a market cap of $1.44 billion, a PE ratio of 7.81 and a beta of 1.34. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $14.40 and a 200 day moving average of $10.87.

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

Insiders Place Their Bets

In related news, CEO Denise Paulonis bought 4,500 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the chief executive officer owned 366,865 shares of the company’s stock, valued at approximately $4,306,995.10. The trade was a 1.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Max R. Rangel purchased 3,500 shares of the stock in a transaction on Thursday, September 4th. The shares were purchased at an average price of $14.07 per share, for a total transaction of $49,245.00. Following the transaction, the director directly owned 3,500 shares of the company’s stock, valued at approximately $49,245. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 10,500 shares of company stock valued at $132,125 in the last quarter. Corporate insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after buying an additional 2,730 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,735 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in shares of Sally Beauty by 820.3% in the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 4,200 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Sally Beauty by 123.7% in the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 4,948 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.