Sally Beauty (NYSE:SBH) Given New $14.00 Price Target at TD Cowen

Sally Beauty (NYSE:SBH) had its target price hoisted by analysts at TD Cowen from $13.00 to $14.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price indicates a potential upside of 5.03% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on SBH. Morgan Stanley upped their price target 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 Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday. DA Davidson boosted their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Sally Beauty Trading Down 3.3 %

SBH traded down $0.45 during trading on Friday, hitting $13.33. 1,027,744 shares of the stock were exchanged, compared to its average volume of 1,354,326. Sally Beauty has a 1 year low of $8.59 and a 1 year high of $14.36. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.78 and a beta of 1.53. The firm has a 50 day simple moving average of $12.93 and a 200 day simple moving average of $11.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after acquiring an additional 387,736 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after purchasing an additional 10,016 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sally Beauty by 34.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after purchasing an additional 833,720 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after acquiring an additional 80,712 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in Sally Beauty by 96.8% in the first quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock valued at $15,199,000 after purchasing an additional 601,903 shares during the last quarter.

Sally Beauty Company Profile

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.