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Sally Beauty Holdings (NYSE:SBH) reached a new 52-week low on Friday , AnalystRatingsNetwork reports. The stock traded as low as $24.34 and last traded at $24.40, with a volume of 569,065 shares changing hands. The stock had previously closed at $24.69.

A number of analysts have recently weighed in on SBH shares. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Sally Beauty Holdings in a research note on Tuesday, May 20th. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.64.

The stock has a 50-day moving average of $25.25 and a 200-day moving average of $27.47. The company has a market cap of $3.928 billion and a P/E ratio of 16.53.

Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data 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. On average, analysts predict that Sally Beauty Holdings will post $1.55 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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