Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately positive: Six firms covering Sally Beauty average a “Moderate Buy” rating, with a consensus 12-month price target of $17.40.
• Ratings are mixed: one analyst rates the stock a sell, two rate it hold, two rate it buy, and one rates it a strong buy. Recent coverage included TD Cowen initiating with a strong-buy rating, while Wall Street Zen and Weiss Ratings downgraded their views to hold.
• SBH opened at $19.45, near its 52-week high of $19.60 and above the analyst consensus price target.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.40.

Several brokerages have issued reports on SBH. TD Cowen started coverage on Sally Beauty in a research report on Friday, October 30th. They set a "strong-buy" rating on the stock. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered Sally Beauty from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 30th.

Hedge Funds Weigh In On Sally Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in Sally Beauty by 27.2% in the second quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 1,089 shares during the period. Fortitude Family Office LLC grew its stake in shares of Sally Beauty by 508.1% during the 3rd quarter. Fortitude Family Office LLC now owns 1,727 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 1,443 shares during the period. Nykredit A S acquired a new stake in shares of Sally Beauty during the 2nd quarter worth approximately $28,000. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Sally Beauty by 40.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer's stock worth $127,000 after purchasing an additional 2,214 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Sally Beauty by 233.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,713 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 2,599 shares in the last quarter.

Sally Beauty Stock Performance

Shares of SBH stock opened at $19.45 on Tuesday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.13 and a beta of 1.09. The company's 50 day moving average is $16.79 and its 200 day moving average is $15.16. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. Sally Beauty has a 52-week low of $11.54 and a 52-week high of $19.60.

About Sally Beauty

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution.

The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources.

Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.

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