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Equities researchers at Sterne Agee dropped their target price on shares of Sally Beauty Holdings (NYSE:SBH) from $32.00 to $30.00 in a research report issued on Tuesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would indicate a potential upside of 18.39% from the company’s current price.

A number of other analysts have also recently weighed in on SBH. Analysts at B. Riley cut their price target on shares of Sally Beauty Holdings from $34.00 to $32.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a research note on Friday. They now have a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sally Beauty Holdings currently has a consensus rating of “Buy” and a consensus price target of $30.70.

Sally Beauty Holdings (NYSE:SBH) traded up 0.56% on Tuesday, hitting $25.34. The stock had a trading volume of 2,194,398 shares. Sally Beauty Holdings has a 52-week low of $24.38 and a 52-week high of $31.86. The stock has a 50-day moving average of $27.1 and a 200-day moving average of $27.90. The company has a market cap of $4.102 billion and a price-to-earnings ratio of 16.87.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.03. The company had revenue of $919.50 million for the quarter, compared to the consensus estimate of $932.84 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Sally Beauty Holdings will post $1.55 EPS for the current fiscal year.

In other Sally Beauty Holdings news, Director Christian Brickman acquired 20,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $25.27 per share, with a total value of $505,400.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $505,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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