Sally Beauty Holdings Price Target Cut to $32.00 by Analysts at B. Riley (SBH)
B. Riley cut their price objective on shares of Sally Beauty Holdings (NYSE:SBH) from $34.00 to $32.00 in a research note issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 25.64% from the stock’s previous close.
In other Sally Beauty Holdings news, Director Christian Brickman purchased 20,000 shares of the stock on the open market in a transaction dated Monday, May 5th. The shares were purchased at an average cost of $25.27 per share, with a total value of $505,400.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $505,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sally Beauty Holdings (NYSE:SBH) traded up 1.27% during mid-day trading on Tuesday, hitting $25.47. The stock had a trading volume of 1,133,470 shares. Sally Beauty Holdings has a 52 week low of $24.38 and a 52 week high of $31.86. The stock’s 50-day moving average is $26.82 and its 200-day moving average is $27.85. The company has a market cap of $4.123 billion and a price-to-earnings ratio of 16.83.
Sally Beauty Holdings (NYSE:SBH) last released its earnings data on Thursday, May 1st. The company reported $0.36 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.36 earnings per share. Sally Beauty Holdings’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Sally Beauty Holdings will post $1.55 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SBH. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a research note on Friday, May 2nd. They now have a $29.00 price target on the stock. Analysts at Sterne Agee cut their price target on shares of Sally Beauty Holdings from $33.00 to $32.00 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sally Beauty Holdings presently has a consensus rating of “Buy” and an average target price of $30.70.
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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