Sally Beauty Holdings Given Consensus Recommendation of “Buy” by Analysts (NYSE:SBH)
Shares of Sally Beauty Holdings (NYSE:SBH) have received an average rating of “Buy” from the seven analysts that are covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $31.25.
A number of research firms have recently commented on SBH. Analysts at Citigroup Inc. upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 29th. Separately, 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. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Sally Beauty Holdings in a research note on Tuesday, May 20th.
Shares of Sally Beauty Holdings (NYSE:SBH) traded up 1.28% during mid-day trading on Monday, hitting $26.485. The stock had a trading volume of 37,292 shares. Sally Beauty Holdings has a one year low of $24.09 and a one year high of $31.83. The stock has a 50-day moving average of $25.44 and a 200-day moving average of $26.51. The company has a market cap of $4.109 billion and a P/E ratio of 17.54.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $949.30 million for the quarter, compared to the consensus estimate of $946.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings will post $1.53 earnings per share for the current fiscal year.
In other Sally Beauty Holdings news, CFO Mark J. Flaherty sold 33,921 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $26.01, for a total value of $882,285.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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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