Sally Beauty Holdings Price Target Raised to $33.00 at Sterne Agee (SBH)
Sterne Agee boosted their target price on shares of Sally Beauty Holdings (NYSE:SBH) from $28.00 to $33.00 in a research note issued on Thursday, Analyst Ratings Network reports. Sterne Agee’s target price would indicate a potential upside of 9.16% from the stock’s previous close.
In other Sally Beauty Holdings news, CFO Mark Flaherty sold 49,627 shares of the stock on the open market in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $29.48, for a total value of $1,463,003.96. Following the completion of the sale, the chief financial officer now directly owns 40,080 shares of the company’s stock, valued at approximately $1,181,558. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of Sally Beauty Holdings in a research note to investors on Monday, December 16th. They set a “hold” 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 Wednesday, November 20th. They now have a $26.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Sally Beauty Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, October 11th. They now have a $26.50 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.80.
Sally Beauty Holdings (NYSE:SBH) traded up 0.36% on Thursday, hitting $30.34. 1,299,777 shares of the company’s stock traded hands. Sally Beauty Holdings has a 52-week low of $23.57 and a 52-week high of $31.86. The stock’s 50-day moving average is $28.40 and its 200-day moving average is $27.90. The company has a market cap of $4.972 billion and a price-to-earnings ratio of 20.43.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.01. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $909.87 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.