Sally Beauty Holdings Upgraded by Zacks to “Neutral” (SBH)
Sally Beauty Holdings (NYSE:SBH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, AnalystRatings.NET reports. The firm currently has a $29.50 price target on the stock. Zacks‘ price target would suggest a potential upside of 2.47% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Sally Beauty Holdings from $28.00 to $33.00 in a research note to investors on Thursday, January 2nd. 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.83.
Sally Beauty Holdings (NYSE:SBH) traded up 0.68% on Tuesday, hitting $28.985. The stock had a trading volume of 712,748 shares. Sally Beauty Holdings has a 52 week low of $24.19 and a 52 week high of $31.86. The stock’s 50-day moving average is $28.97 and its 200-day moving average is $27.86. The company has a market cap of $4.750 billion and a price-to-earnings ratio of 19.45.
Sally Beauty Holdings (NYSE:SBH) last released its earnings data on Thursday, November 14th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Sally Beauty Holdings will post $1.66 earnings per share for the current fiscal year.
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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