Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “neutral” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Friday. They presently have a $21.00 price objective on the specialty retailer’s stock, down from their prior price objective of $23.00. DA Davidson’s price target would suggest a potential upside of 7.42% from the company’s current price.

A number of other analysts have also recently issued reports on SBH. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $20.00 price objective (down from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday. BMO Capital Markets set a $21.00 price objective on shares of Sally Beauty Holdings and gave the stock a “hold” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research cut shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.50.

Sally Beauty Holdings (NYSE:SBH) traded down 0.66% during mid-day trading on Friday, reaching $19.55. The company had a trading volume of 1,216,767 shares. The company has a market capitalization of $2.59 billion, a P/E ratio of 11.94 and a beta of 0.66. The stock has a 50 day moving average price of $19.52 and a 200 day moving average price of $19.74. Sally Beauty Holdings has a one year low of $17.26 and a one year high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) 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 net margin of 5.89% and a negative return on equity of 80.60%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. On average, equities analysts expect that Sally Beauty Holdings will post $1.82 earnings per share for the current fiscal year.

Sally Beauty Holdings declared that its board has authorized a stock buyback plan on Thursday, August 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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In related news, Director Edward W. Rabin bought 4,250 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $18.06 per share, with a total value of $76,755.00. Following the completion of the purchase, the director now owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christian A. Brickman bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Insiders have purchased 34,250 shares of company stock valued at $606,555 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new position in Sally Beauty Holdings during the second quarter valued at $21,406,000. Scotia Capital Inc. grew its stake in Sally Beauty Holdings by 0.9% during the second quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 200 shares in the last quarter. Timucuan Asset Management Inc. FL grew its stake in Sally Beauty Holdings by 31.7% during 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 acquiring an additional 490,932 shares in the last quarter. State Street Corp grew its stake in Sally Beauty Holdings by 0.4% during the second quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock valued at $81,789,000 after acquiring an additional 14,768 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in Sally Beauty Holdings during the second quarter valued at $1,896,000.

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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