Piper Sandler assumed coverage on shares of Sally Elegance (NYSE:SBH – Get Score) in a investigate report issued to customers and investors on Thursday, Inventory Target Advisor stories. The agency established an “chubby” rating and a $15.00 value target on the specialty retailer’s stock. Piper Sandler’s selling price concentrate on would point out a opportunity upside of 22.75% from the firm’s present price.
A quantity of other equities analysts have also weighed in on the firm. Morgan Stanley decreased their focus on cost on Sally Beauty to $10.00 in a research report on Wednesday, November 16th. DA Davidson reduced their focus on rate on Sally Elegance from $14.50 to $11.50 and established a “neutral” score for the company in a analysis report on Monday, November 14th. Finally, StockNews.com started out protection on Sally Natural beauty in a investigation report on Wednesday, Oct 12th. They issued a “maintain” ranking for the enterprise. Two investment decision analysts have rated the inventory with a provide ranking, 5 have issued a keep ranking and one particular has issued a get score to the stock. According to MarketBeat, the corporation at this time has a consensus rating of “Maintain” and a consensus price concentrate on of $14.10.
Sally Natural beauty Price tag General performance
SBH opened at $12.22 on Thursday. The inventory has a 50-working day transferring typical selling price of $12.19 and a 200-day going normal price tag of $13.18. The company has a credit card debt-to-fairness ratio of 3.69, a recent ratio of 1.70 and a fast ratio of .29. The company has a market cap of $1.31 billion, a PE ratio of 7.41 and a beta of 1.25. Sally Beauty has a 1 calendar year small of $10.95 and a 1 year large of $20.03.
Sally Natural beauty (NYSE:SBH – Get Score) final posted its quarterly earnings effects on Thursday, November 10th. The specialty retailer documented $.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $.48 by $.02. The agency experienced revenue of $962.46 million throughout the quarter, compared to analyst estimates of $943.88 million. Sally Natural beauty had a return on equity of 83.29% and a web margin of 4.81%. Provide-facet analysts forecast that Sally Magnificence will submit 1.87 earnings for each share for the present-day fiscal year.
Institutional Traders Weigh In On Sally Natural beauty
A number of large traders have a short while ago made changes to their positions in the firm. Lender of New York Mellon Corp grew its stake in shares of Sally Elegance by 1.8% through the 3rd quarter. Financial institution of New York Mellon Corp now owns 1,135,367 shares of the specialty retailer’s inventory valued at $14,304,000 just after getting an added 19,749 shares through the interval. Lecturers Retirement Program of The State of Kentucky acquired a new stake in shares of Sally Attractiveness throughout the 3rd quarter valued at about $426,000. Balyasny Asset Management LLC grew its stake in shares of Sally Attractiveness by 1,747.% all through the 3rd quarter. Balyasny Asset Management LLC now owns 1,857,271 shares of the specialty retailer’s inventory valued at $23,402,000 soon after paying for an additional 1,756,714 shares in the course of the interval. BNP Paribas Arbitrage SNC acquired a new stake in shares of Sally Elegance for the duration of the 3rd quarter valued at about $524,000. At last, Alliancebernstein L.P. grew its stake in shares of Sally Natural beauty by 7.1% throughout the 3rd quarter. Alliancebernstein L.P. now owns 8,013,130 shares of the specialty retailer’s inventory valued at $100,965,000 right after buying an additional 528,068 shares in the course of the time period.
About Sally Magnificence
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of specialist elegance materials. The corporation operates as a result of two segments, Sally Splendor Supply (SBS) and Elegance Techniques Team (BSG). The SBS segment features elegance solutions, such as hair color and treatment solutions, styling applications, skin and nail care goods, cosmetics, and other beauty merchandise for retail prospects and salon gurus by way of retail suppliers and electronic platforms.
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