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Shares of Sally Beauty Holdings (NYSE:SBH) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.25.

A number of analysts have recently weighed in on SBH shares. 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. 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.

Shares of Sally Beauty Holdings (NYSE:SBH) opened at 27.58 on Monday. Sally Beauty Holdings has a 1-year low of $24.09 and a 1-year high of $31.83. The stock’s 50-day moving average is $25.61 and its 200-day moving average is $26.47. The company has a market cap of $4.279 billion and a P/E ratio of 17.99.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, July 31st. The company reported $0.43 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.42 earnings per share. Sally Beauty Holdings’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that Sally Beauty Holdings will post $1.53 EPS 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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