Home Fashion Brands Sally Beauty (NYSE:SBH) Stock Rating Lowered by Cowen

Sally Beauty (NYSE:SBH) Stock Rating Lowered by Cowen

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Sally Beauty (NYSE.SBH – Get a Rating)Cowen stock analysts downgraded the stock from an “outperform”Rating to a “market perform”Marketbeat.com released a rating report on Friday. reports. The current price target for the stock of the specialty retailer is $17.00. Cowen’s target price suggests a potential upside for the stock of 11.77% compared to its previous close.

A number of other equities analysts have also commented on the company recently. Cowen downgraded Sally Beauty’s stock from an “outperform”Rating to a “market perform”The stock was rated and a $17.00 target market price was set. In a Friday research report. DA Davidson lowered the target price for shares in Sally Beauty from $16.00 – $14.50 and established a “neutral”Monday’s research note gave the stock a rating. Sally Beauty shares were lowered by TheStreet in a research note on Monday. “b-“Rating to a “c+”Ratings were published in a report on Thursday June 23rd. Morgan Stanley lowered their price target for shares of Sally Beauty from $11.00 to $12.00 and set an “underweight”A Monday report by Raymond James rated the stock. Raymond James also downgraded shares Sally Beauty stock from a “market perform”Rating to an “underperform”On Wednesday, June 29th, a research note gave the stock a rating. Two analysts have given the stock a sell rating while five others have given the stock a hold rating. MarketBeat data indicates that the company currently has a consensus rating at “Hold”With a consensus price target at $16.30

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Sally Beauty Stock Performance

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On Friday, shares of NYSE:SBH opened as high as $15.21 The firm’s simple moving average for the past fifty days is $13.15, and its two-hundred-day simple moving average is $15.12. Sally Beauty’s 52-week low was $11.28 and its 52-week high was $21.86. The company has a quick ratio 0.29, a current rate of 1.60, and a debt to equity ratio of 3.66. The stock has a market cap of $1.63 million, a P/E of 7.46 and beta of 1.38.

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Sally Beauty (NYSE.SBH – Get a Rating) last released its quarterly earnings results on Thursday, August 4th. The quarter’s $0.55 EPS was reported by the specialty retailer, which was below the consensus estimate ($0.04). Sally Beauty achieved a return on equity (90.85%) and a net margin (5.99%). The company generated revenue of $961.47million during the quarter, which was lower than analysts’ estimates of $950.97million. The business posted $0.68 earnings per share during the same quarter in 2017. The company’s revenue fell 6.0% over the previous year. Analysts predict that Sally Beauty will report 2.17 earnings per share in the current fiscal.

Institutional Investors weigh in on Sally Beauty

Large investors have recently increased their stakes or decreased their stakes. Allspring Global Investments Holdings LLC purchased a new stake in shares Sally Beauty during quarter four. It was valued at approximately $1.040,000. Qube Research & Technologies Ltd grew its position in Sally Beauty to 29.6% during quarter 4. Qube Research & Technologies Ltd now has 19,392 shares in the stock of the specialty retailer, which is valued at $358,000. Qube Research & Technologies Ltd also bought an additional 4,426 shares last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings of shares in Sally Beauty by 23.1% during the fourth quarter. After purchasing an additional 2,857 shares, Zurcher Kantonalbank Zurich Cantonalbank now has 15,230 shares of stock in the specialty retailer worth $281,000 and 15,230 shares in the fourth quarter. Oppenheimer & Co. Inc. grew by 16.6% its position in shares Sally Beauty during the fourth quarter. Oppenheimer & Co. Inc. now holds 29,916 shares worth $552,000 in specialty retailer stock after purchasing additional 4,267 shares over the last quarter. Nisa Investment Advisors LLC acquired a new position in shares Sally Beauty during the fourth-quarter valued at $89,000.

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About Sally Beauty

(Get a Rating)

Sally Beauty Holdings, Inc serves as a distributor and specialty retailer of professional beauty products. The company operates in two segments: Sally Beauty Supply Group and Beauty Systems Group. The Sally Beauty Supply division offers beauty products including hair color and care products as well as skin and nail care products. It also provides styling tools and other beauty products for salons and retail customers.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

This instant news alert was generated using narrative science technology, financial data from MarketBeat, and was intended to provide readers the fastest and most accurate reporting. MarketBeat’s editorial staff reviewed this story before publication. Please send any questions or comments about this story to [email protected]

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