Sally Beauty Holdings, Inc. (NYSE:SBH) Given “Buy” Rating at DA Davidson
Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research note issued on Monday. They currently have a $23.00 target price on the specialty retailer’s stock. DA Davidson’s price target points to a potential upside of 19.23% from the stock’s previous close.
A number of other research firms also recently issued reports on SBH. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a report on Friday, June 2nd. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. BidaskClub raised shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Robert W. Baird set a $26.00 target price on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, ValuEngine cut shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Sally Beauty Holdings presently has an average rating of “Hold” and an average price target of $25.90.
Sally Beauty Holdings (SBH) traded down 2.82% during mid-day trading on Monday, hitting $19.29. 1,409,966 shares of the stock traded hands. Sally Beauty Holdings has a 1-year low of $17.26 and a 1-year high of $30.40. The company’s 50 day moving average price is $19.34 and its 200-day moving average price is $20.94. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 11.97 and a beta of 0.65.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $966.50 million for the quarter, compared to the consensus estimate of $986.09 million. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Analysts predict that Sally Beauty Holdings will post $1.76 earnings per share for the current year.
In related news, CEO Christian A. Brickman acquired 10,000 shares of Sally Beauty Holdings stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the transaction, the chief executive officer now directly owns 142,543 shares in the company, valued at approximately $2,833,754.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Miller acquired 20,000 shares of Sally Beauty Holdings stock in a transaction dated Friday, June 2nd. The shares were bought at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the transaction, the director now owns 39,802 shares of the company’s stock, valued at $730,366.70. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 61,750 shares of company stock worth $1,130,860. Company insiders own 0.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SBH. ING Groep bought a new stake in Sally Beauty Holdings during the third quarter valued at about $7,250,000. BTIM Corp. boosted its stake in Sally Beauty Holdings by 1,264.3% in the fourth quarter. BTIM Corp. now owns 1,017,423 shares of the specialty retailer’s stock valued at $28,376,000 after buying an additional 942,848 shares during the last quarter. Nordea Investment Management AB boosted its stake in Sally Beauty Holdings by 390.1% in the fourth quarter. Nordea Investment Management AB now owns 2,951,359 shares of the specialty retailer’s stock valued at $82,313,000 after buying an additional 2,349,152 shares during the last quarter. St. Germain Investments bought a new stake in Sally Beauty Holdings during the fourth quarter valued at about $12,345,000. Finally, Rhumbline Advisers boosted its stake in Sally Beauty Holdings by 1.7% in the fourth quarter. Rhumbline Advisers now owns 147,768 shares of the specialty retailer’s stock valued at $4,121,000 after buying an additional 2,463 shares during the last quarter.
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.
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