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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.

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