Sally Beauty Holdings Inc. (NYSE:SBH) was downgraded by investment analysts at Citigroup Inc. to an “underperform” rating in a research report issued on Tuesday, The Fly reports.
A number of other analysts also recently commented on the company. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 price target on shares of Sally Beauty Holdings in a research report on Friday, September 30th. Cowen and Company set a $29.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Thursday, September 29th. Robert W. Baird reissued an “outperform” rating and issued a $32.00 target price (down from $34.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. Finally, KeyCorp decreased their target price on Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.92.
Shares of Sally Beauty Holdings (NYSE:SBH) opened at 29.12 on Tuesday. The company has a 50-day moving average price of $26.15 and a 200 day moving average price of $28.06. Sally Beauty Holdings has a 1-year low of $23.42 and a 1-year high of $32.93. The company has a market capitalization of $4.25 billion, a P/E ratio of 19.43 and a beta of 0.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its position in Sally Beauty Holdings by 0.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,997 shares of the company’s stock valued at $323,000 after buying an additional 40 shares in the last quarter. Cantab Capital Partners LLP increased its position in Sally Beauty Holdings by 0.3% in the second quarter. Cantab Capital Partners LLP now owns 21,979 shares of the company’s stock valued at $646,000 after buying an additional 66 shares in the last quarter. IBM Retirement Fund increased its position in Sally Beauty Holdings by 0.5% in the second quarter. IBM Retirement Fund now owns 14,770 shares of the company’s stock valued at $434,000 after buying an additional 77 shares in the last quarter. Utah Retirement Systems increased its position in Sally Beauty Holdings by 1.1% in the second quarter. Utah Retirement Systems now owns 26,602 shares of the company’s stock valued at $783,000 after buying an additional 300 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Sally Beauty Holdings by 7.3% in the third quarter. Pacer Advisors Inc. now owns 7,595 shares of the company’s stock valued at $195,000 after buying an additional 520 shares in the last quarter.
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.
