Attractiveness: Morgan Stanley Lowers Sally Attractiveness (NYSE:SBH) Value Goal to $11.00

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Sally Beauty (NYSE:SBH – Get Rating) had its price target lowered by Morgan Stanley from $12.00 to $11.00 in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has an “underweight” rating on the specialty retailer’s stock. Morgan Stanley’s target price points to a potential downside of 21.15% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Cowen cut their price objective on Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. TheStreet cut Sally Beauty from a “b-” rating to a “c+” rating in a research report on Thursday, June 23rd. Oppenheimer cut Sally Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 5th. Raymond James cut Sally Beauty from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 29th. Finally, Cowen dropped their price target on Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

Sally Beauty Trading Down 2.9 %

Shares of NYSE:SBH opened at $13.95 on Monday. Sally Beauty has a 12-month low of $11.28 and a 12-month high of $21.86. The company has a market capitalization of $1.49 billion, a PE ratio of 6.84 and a beta of 1.38. The business has a 50 day moving average of $13.14 and a two-hundred day moving average of $15.14. The company has a current ratio of 1.60, a quick ratio of 0.29 and a debt-to-equity ratio of 3.66.

Sally Beauty (NYSE:SBH – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Sally Beauty had a net margin of 5.99% and a return on equity of 90.85%. The company had revenue of $961.47 million during the quarter, compared to analyst estimates of $950.97 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, analysts forecast that Sally Beauty will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Sally Beauty

Large investors have recently modified their holdings of the business. Schroder Investment Management Group acquired a new position in shares of Sally Beauty in the 4th quarter valued at $1,971,000. Nisa Investment Advisors LLC lifted its stake in shares of Sally Beauty by 17.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the specialty retailer’s stock valued at $95,000 after purchasing an additional 900 shares during the last quarter. Invenomic Capital Management LP lifted its stake in Sally Beauty by 41.9% during the 4th quarter. Invenomic Capital Management LP now owns 132,743 shares of the specialty retailer’s stock worth $2,451,000 after acquiring an additional 39,221 shares in the last quarter. Inspire Investing LLC acquired a new position in Sally Beauty during the 1st quarter worth about $239,000. Finally, Qube Research & Technologies Ltd lifted its stake in Sally Beauty by 29.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 19,392 shares of the specialty retailer’s stock worth $358,000 after acquiring an additional 4,426 shares in the last quarter.

Sally Beauty Company Profile

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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.