Sally Beauty Holdings, Inc. (SBH) Given Consensus Rating of “Hold” by Brokerages
Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.22.
A number of equities analysts have weighed in on the company. Wells Fargo & Company restated a “market perform” rating and issued a $20.00 price target (down previously from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Robert W. Baird set a $26.00 price target on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Saturday, May 6th.
In other news, insider Robert R. Mcmaster purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $18.03 per share, with a total value of $99,165.00. Following the transaction, the insider now owns 40,630 shares in the company, valued at approximately $732,558.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christian A. Brickman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $17.54 per share, for a total transaction of $350,800.00. Following the completion of the transaction, the chief executive officer now owns 182,543 shares in the company, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 59,750 shares of company stock worth $1,072,720. 0.97% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of SBH. Lord Abbett & CO. LLC purchased a new stake in Sally Beauty Holdings during the second quarter valued at about $21,406,000. Scotia Capital Inc. raised its stake in Sally Beauty Holdings by 0.9% in the second quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after buying an additional 200 shares in the last quarter. Timucuan Asset Management Inc. FL raised its stake in Sally Beauty Holdings by 31.7% in the second quarter. Timucuan Asset Management Inc. FL now owns 2,037,920 shares of the specialty retailer’s stock valued at $41,268,000 after buying an additional 490,932 shares in the last quarter. State Street Corp raised its stake in Sally Beauty Holdings by 0.4% in the second quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock valued at $81,789,000 after buying an additional 14,768 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in Sally Beauty Holdings during the second quarter valued at about $1,896,000.
Shares of Sally Beauty Holdings (NYSE SBH) opened at 18.71 on Tuesday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 11.42 and a beta of 0.65. The stock has a 50 day moving average of $19.63 and a 200 day moving average of $19.99. Sally Beauty Holdings has a 12-month low of $17.26 and a 12-month high of $30.17.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. Sally Beauty Holdings’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Analysts forecast that Sally Beauty Holdings will post $1.82 earnings per share for the current year.
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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