Sally Beauty (NYSE:SBH) Price target cut to $11.50 by DA Davidson analysts

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Sally Beauty (NYSE:SBH – Get Grade) had its price target reduced by investment analysts DA Davidson from $14.50 to $11.50 in a research report released on Monday, Stock Target Advisor reports. The company currently has a “neutral” rating on shares of the specialty retailer. DA Davidson’s price target suggests a potential decline of 13.79% from the company’s previous close.

Several other research companies also commented on SBH. Cowen downgraded Sally Beauty shares from an “outperform” rating to a “market performer” rating and set a price target of $17.00 for the company. in a research report on Friday, August 12. Morgan Stanley lowered its price target on Sally Beauty shares from $12.00 to $11.00 and set an “underweight” rating for the company in a Monday, Aug. 8 research report. StockNews.com launched coverage on Sally Beauty stocks in a research report on Wednesday, October 12. They set a “hold” rating for the company. Finally, Cowen downgraded Sally Beauty shares from an “outperform” rating to a “market perform” rating and set a target price of $17.00 for the company. in a research report on Friday, August 12. Two analysts rated the stock with a sell rating and five gave the company’s stock a hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.13.

Sally Beauty stock up 3.7%

SBH stock opened at $13.34 on Monday. The company has a debt ratio of 3.66, a current ratio of 1.60 and a quick ratio of 0.29. Sally Beauty has a 1-year low of $11.28 and a 1-year high of $21.86. The company has a fifty-day moving average price of $13.14 and a two-hundred-day moving average price of $13.66. The company has a market capitalization of $1.43 billion, a price-earnings ratio of 8.08 and a beta of 1.29.

Hedge funds weigh in on Sally Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of SBH. Gamco Investors Inc. ET AL increased its stake in Sally Beauty by 7.9% in Q3. Gamco Investors Inc. ET AL now owns 883,574 shares of the specialty retailer valued at $11,133,000 after acquiring an additional 64,394 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sally Beauty by 1.5% in Q3. Dimensional Fund Advisors LP now owns 2,455,072 shares of the specialty retailer valued at $30,937,000 after acquiring 36,919 additional shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Sally Beauty by 291.5% in Q3. Tower Research Capital LLC TRC now owns 14,537 shares of the specialty retailer valued at $183,000 after acquiring an additional 10,824 shares in the last quarter. UBS Group AG increased its stake in Sally Beauty by 69.7% in the third quarter. UBS Group AG now owns 6,761 shares of the specialty retailer valued at $85,000 after acquiring 2,777 additional shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Sally Beauty in Q3 valued at approximately $18,270,000.

Company Profile Sally Beauty

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Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty products. The Company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair coloring and care products, skin and nail care products, styling tools and other beauty products for retail customers, salons and salon professionals.

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