Sally Beauty Holdings, Inc. (SBH) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $26.43.
SBH has been the topic of several research reports. Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Jefferies Group LLC initiated coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They set a “hold” rating on the stock. BidaskClub raised Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday. ValuEngine lowered Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird set a $26.00 price target on Sally Beauty Holdings and gave the company a “buy” rating in a research note on Saturday, May 6th.
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In related news, Director John A. Miller acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the completion of the acquisition, the director now owns 39,802 shares of the company’s stock, valued at approximately $730,366.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Olen Haltom sold 3,060 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $20.00, for a total value of $61,200.00. Following the completion of the sale, the senior vice president now owns 6,999 shares of the company’s stock, valued at approximately $139,980. The disclosure for this sale can be found here. Insiders purchased 61,750 shares of company stock valued at $1,130,860 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SBH. FMR LLC increased its stake in Sally Beauty Holdings by 5.7% in the fourth quarter. FMR LLC now owns 9,776,428 shares of the specialty retailer’s stock worth $258,293,000 after buying an additional 531,570 shares in the last quarter. Marshall Wace LLP bought a new stake in Sally Beauty Holdings during the fourth quarter worth approximately $1,173,000. Elkfork Partners LLC bought a new stake in Sally Beauty Holdings during the fourth quarter worth approximately $214,000. Advisory Research Inc. increased its stake in Sally Beauty Holdings by 5.8% in the fourth quarter. Advisory Research Inc. now owns 1,965,339 shares of the specialty retailer’s stock worth $51,924,000 after buying an additional 108,504 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Sally Beauty Holdings during the fourth quarter worth approximately $404,000.
Sally Beauty Holdings (NYSE:SBH) traded down 0.41% on Tuesday, reaching $19.38. The company had a trading volume of 280,805 shares. The company’s 50 day moving average price is $18.91 and its 200-day moving average price is $22.27. Sally Beauty Holdings has a 12 month low of $17.26 and a 12 month high of $30.73. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.02 and a beta of 0.65.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings results on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Sally Beauty Holdings had a negative return on equity of 84.81% and a net margin of 5.92%. The business had revenue of $966.50 million for the quarter, compared to analyst estimates of $986.09 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Sally Beauty Holdings will post $1.76 earnings per share for the current fiscal year.
About Sally Beauty Holdings
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. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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