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Sally Beauty Holdings (NYSE:SBH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday. The firm currently has a $26.60 price objective on the stock. Zacks‘s price objective indicates a potential upside of 2.54% from the stock’s previous close.

Shares of Sally Beauty Holdings (NYSE:SBH) traded up 0.67% during mid-day trading on Monday, hitting $26.115. 482,510 shares of the company’s stock traded hands. Sally Beauty Holdings has a one year low of $24.15 and a one year high of $31.86. The stock has a 50-day moving average of $25.16 and a 200-day moving average of $27.30. The company has a market cap of $4.228 billion and a price-to-earnings ratio of 17.36.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results 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 Morgan Stanley initiated coverage on shares of Sally Beauty Holdings in a research note on Tuesday, June 24th. They set an “overweight” rating and a $30.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Sally Beauty Holdings in a research note on Tuesday, May 20th. 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.10.

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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