Wells Fargo & Co. Upgrades Sally Beauty Holdings to Outperform (SBH)
Sally Beauty Holdings (NYSE:SBH) was upgraded by stock analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SBH. Analysts at Credit Suisse reiterated a “buy” rating on shares of Sally Beauty Holdings in a research note to investors on Tuesday. They now have a $33.00 price target on the stock, up previously from $27.65. Separately, analysts at Sterne Agee upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $33.00 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 Tuesday, January 14th. They now have a $29.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.13.
Shares of Sally Beauty Holdings (NYSE:SBH) traded down 0.89% during mid-day trading on Wednesday, hitting $27.89. 1,488,128 shares of the company’s stock traded hands. Sally Beauty Holdings has a 1-year low of $25.00 and a 1-year high of $31.86. The stock’s 50-day moving average is $29.03 and its 200-day moving average is $27.63. The company has a market cap of $4.571 billion and a P/E ratio of 19.01.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results 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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