Sally Beauty (NYSE:SBH) Price Target Lowered to $10.00 at Morgan Stanley

Sally Beauty (NYSE:SBH) had its price objective lowered by Morgan Stanley from $12.00 to $10.00 in a report published on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the specialty retailer’s stock.

Several other equities research analysts have also recently commented on SBH. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sally Beauty has a consensus rating of “Hold” and a consensus price target of $13.20.

Sally Beauty Price Performance

Shares of SBH stock opened at $11.27 on Tuesday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.83 and a beta of 1.56. Sally Beauty has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average of $12.07 and a 200-day moving average of $12.22.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities research analysts forecast that Sally Beauty will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the sale, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Sally Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. EMC Capital Management lifted its stake in shares of Sally Beauty by 105.5% in the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 6,436 shares during the period. R Squared Ltd acquired a new position in shares of Sally Beauty in the 4th quarter worth approximately $56,000. KBC Group NV boosted its stake in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares during the last quarter. Profit Investment Management LLC increased its position in shares of Sally Beauty by 9.5% during the fourth quarter. Profit Investment Management LLC now owns 194,209 shares of the specialty retailer’s stock worth $2,029,000 after buying an additional 16,816 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after buying an additional 257,510 shares during 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.