Sally Beauty Holdings Receives “Outperform” Rating from Wells Fargo & Co. (SBH)
Sally Beauty Holdings (NYSE:SBH) traded down 2.63% on Tuesday, hitting $25.21. 1,946,555 shares of the company’s stock traded hands. 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 $26.51 and a 200-day moving average of $27.85. The company has a market cap of $4.081 billion and a P/E ratio of 17.33.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly 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 firms have also recently commented on SBH. Analysts at Zacks downgraded shares of Sally Beauty Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $24.20 price target on the stock. Separately, analysts at Sterne Agee cut their price target on shares of Sally Beauty Holdings from $32.00 to $30.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Finally, 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, May 6th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Sally Beauty Holdings currently has a consensus rating of “Hold” and a consensus price target of $29.64.
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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