Sally Beauty Holdings, Inc. (NYSE:SBH) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.00.

Several equities analysts have commented on the company. DA Davidson assumed coverage on Sally Beauty Holdings in a research report on Thursday. They issued a “neutral” rating and a $23.00 target price for the company. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC initiated coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They issued a “hold” rating for the company.

In other Sally Beauty Holdings news, Director John A. Miller bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average price of $18.35 per share, with a total value of $367,000.00. Following the completion of the purchase, the director now directly 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 available at this hyperlink. Also, CEO Christian A. Brickman bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $17.61 per share, with a total value of $176,100.00. Following the purchase, the chief executive officer now directly owns 152,743 shares of the company’s stock, valued at $2,689,804.23. The disclosure for this purchase can be found here. Insiders have purchased 61,750 shares of company stock valued at $1,130,860 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in shares of Sally Beauty Holdings by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 13,900 shares of the specialty retailer’s stock worth $367,000 after buying an additional 1,100 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Sally Beauty Holdings by 70.3% in the fourth quarter. Guggenheim Capital LLC now owns 25,856 shares of the specialty retailer’s stock worth $683,000 after buying an additional 10,670 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sally Beauty Holdings by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,274 shares of the specialty retailer’s stock worth $136,000 after buying an additional 14 shares during the period. Norges Bank purchased a new stake in shares of Sally Beauty Holdings during the fourth quarter worth approximately $40,707,000. Finally, Teachers Advisors LLC boosted its stake in shares of Sally Beauty Holdings by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 141,505 shares of the specialty retailer’s stock worth $3,739,000 after buying an additional 12,524 shares during the period.

Shares of Sally Beauty Holdings (NYSE:SBH) opened at 19.52 on Monday. The company has a 50-day moving average price of $18.88 and a 200-day moving average price of $21.65. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.11 and a beta of 0.66. Sally Beauty Holdings has a 12 month low of $17.26 and a 12 month high of $30.73.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, May 4th. The specialty retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $966.50 million during the quarter, compared to the consensus estimate of $986.09 million. Sally Beauty Holdings had a negative return on equity of 84.81% and a net margin of 5.92%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. Equities analysts forecast that Sally Beauty Holdings will post $1.76 EPS for the current fiscal year.

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Sally Beauty Holdings Company Profile

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.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

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