Sally Magnificence (NYSE:SBH – Get Score) had its value goal decreased by funding analysts at DA Davidson from $14.50 to $11.50 in a analysis report issued on Monday, Inventory Goal Advisor experiences. The agency at present has a “impartial” score on the specialty retailer’s inventory. DA Davidson’s value goal suggests a possible draw back of 13.79% from the corporate’s earlier shut.
A number of different analysis corporations have additionally commented on SBH. Cowen lowered shares of Sally Magnificence from an “outperform” score to a “market carry out” score and set a $17.00 value goal for the corporate. in a analysis report on Friday, August twelfth. Morgan Stanley lowered their value goal on shares of Sally Magnificence from $12.00 to $11.00 and set an “underweight” score for the corporate in a analysis report on Monday, August eighth. StockNews.com initiated protection on shares of Sally Magnificence in a analysis report on Wednesday, October twelfth. They set a “maintain” score for the corporate. Lastly, Cowen lowered shares of Sally Magnificence from an “outperform” score to a “market carry out” score and set a $17.00 goal value for the corporate. in a analysis report on Friday, August twelfth. Two analysts have rated the inventory with a promote score and 5 have given a maintain score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the inventory at present has a median score of “Maintain” and a consensus value goal of $14.13.
Sally Magnificence Inventory Up 3.7 %
SBH inventory opened at $13.34 on Monday. The corporate has a debt-to-equity ratio of three.66, a present ratio of 1.60 and a fast ratio of 0.29. Sally Magnificence has a 1-year low of $11.28 and a 1-year excessive of $21.86. The agency has a fifty day transferring common value of $13.14 and a two-hundred day transferring common value of $13.66. The agency has a market cap of $1.43 billion, a price-to-earnings ratio of 8.08 and a beta of 1.29.
Hedge Funds Weigh In On Sally Magnificence
Quite a few institutional buyers and hedge funds have lately purchased and offered shares of SBH. Gamco Traders INC. ET AL lifted its holdings in Sally Magnificence by 7.9% within the third quarter. Gamco Traders INC. ET AL now owns 883,574 shares of the specialty retailer’s inventory valued at $11,133,000 after buying an extra 64,394 shares over the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sally Magnificence by 1.5% within the third quarter. Dimensional Fund Advisors LP now owns 2,455,072 shares of the specialty retailer’s inventory valued at $30,937,000 after buying an extra 36,919 shares over the last quarter. Tower Analysis Capital LLC TRC lifted its holdings in Sally Magnificence by 291.5% within the third quarter. Tower Analysis Capital LLC TRC now owns 14,537 shares of the specialty retailer’s inventory valued at $183,000 after buying an extra 10,824 shares over the last quarter. UBS Group AG lifted its holdings in Sally Magnificence by 69.7% within the third quarter. UBS Group AG now owns 6,761 shares of the specialty retailer’s inventory valued at $85,000 after buying an extra 2,777 shares over the last quarter. Lastly, Jupiter Asset Administration Ltd. acquired a brand new stake in Sally Magnificence within the third quarter valued at about $18,270,000.
Sally Magnificence Firm Profile
(Get Score)
Sally Magnificence Holdings, Inc operates as a specialty retailer and distributor {of professional} magnificence provides. The corporate operates by means of two segments, Sally Magnificence Provide and Magnificence Methods Group. The Sally Magnificence Provide phase gives magnificence merchandise, together with hair shade and care merchandise, pores and skin and nail care merchandise, styling instruments, and different magnificence merchandise for retail prospects, salons, and salon professionals.
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