Wells Fargo & Co. Initiates Coverage on Sally Beauty Holdings (SBH)
Research analysts at Wells Fargo & Co. assumed coverage on shares of Sally Beauty Holdings (NYSE:SBH) in a report released on Monday, Stock Ratings News reports. The firm set a “market perform” rating on the stock.
Sally Beauty Holdings (NYSE:SBH) traded down 1.06% on Monday, hitting $26.18. The stock had a trading volume of 484,609 shares. Sally Beauty Holdings has a one year low of $22.49 and a one year high of $31.86. The stock has a 50-day moving average of $26. and a 200-day moving average of $29.0. The company has a market cap of $4.391 billion and a P/E ratio of 18.11.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $912.10 million for the quarter, compared to the consensus estimate of $927.50 million. During the same quarter last year, the company posted $0.38 earnings per share. Sally Beauty Holdings’s revenue was up 2.8% compared to the same quarter last year.
A number of other firms have also recently commented on SBH. Analysts at Citigroup Inc. initiated coverage on shares of Sally Beauty Holdings in a research note to investors on Monday, September 9th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Sally Beauty Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 6th. They now have a $26.00 price target on the stock. Finally, analysts at B. Riley cut their price target on shares of Sally Beauty Holdings from $34.00 to $33.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.00.
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe.
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