Sally Beauty Holdings Inc. (SBH) Given Average Recommendation of “Hold” by Brokerages
Sally Beauty Holdings Inc. (NYSE:SBH) has been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.17.
Several analysts have recently commented on the company. B. Riley reissued a “neutral” rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. Robert W. Baird reissued an “outperform” rating and issued a $32.00 price objective (down from $34.00) on shares of Sally Beauty Holdings in a research note on Monday, August 8th. Zacks Investment Research raised Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 12th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $28.00 price objective (down from $30.00) on shares of Sally Beauty Holdings in a research note on Monday, August 8th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a report on Monday, June 20th.
Sally Beauty Holdings (NYSE:SBH) remained flat at $25.94 during mid-day trading on Thursday. The company had a trading volume of 495,226 shares. The firm has a market cap of $3.78 billion, a PE ratio of 17.30 and a beta of 0.81. Sally Beauty Holdings has a 52-week low of $21.94 and a 52-week high of $32.93. The stock’s 50 day moving average price is $26.81 and its 200-day moving average price is $28.86.
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Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm earned $998 million during the quarter, compared to the consensus estimate of $1,000 million. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. On average, equities research analysts forecast that Sally Beauty Holdings will post $1.71 EPS for the current year.
In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $26.37, for a total transaction of $171,194.04. Following the sale, the insider now owns 7,530 shares in the company, valued at $198,566.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Invictus RG bought a new stake in Sally Beauty Holdings during the first quarter valued at about $305,000. Jackson Square Partners LLC increased its stake in Sally Beauty Holdings by 3.9% in the first quarter. Jackson Square Partners LLC now owns 7,949,529 shares of the company’s stock valued at $257,405,000 after buying an additional 301,562 shares in the last quarter. Geode Capital Management LLC increased its stake in Sally Beauty Holdings by 2.3% in the first quarter. Geode Capital Management LLC now owns 903,791 shares of the company’s stock valued at $29,264,000 after buying an additional 20,636 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock valued at $229,000 after buying an additional 2,223 shares in the last quarter. Finally, ING Groep NV bought a new stake in Sally Beauty Holdings during the first quarter valued at about $810,000.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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