Sally Beauty Holdings, Inc. (SBH) Receives Consensus Rating of “Hold” from Brokerages
Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.00.
Several analysts have weighed in on the company. Wells Fargo & Company reiterated a “market perform” rating and issued a $20.00 price objective (down previously from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $21.00 price objective on Sally Beauty Holdings and gave the company a “hold” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $23.00 price objective on shares of Sally Beauty Holdings in a research report on Monday, July 24th.
In other Sally Beauty Holdings news, Director Edward W. Rabin bought 4,250 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the completion of the acquisition, the director now directly owns 16,653 shares in the company, valued at $300,753.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christian A. Brickman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average price of $17.54 per share, with a total value of $350,800.00. Following the acquisition, the chief executive officer now owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 34,250 shares of company stock valued at $606,555. 0.97% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new position in shares of Sally Beauty Holdings during the second quarter valued at approximately $6,676,000. UBS Group AG raised its holdings in shares of Sally Beauty Holdings by 7.5% during the first quarter. UBS Group AG now owns 42,487 shares of the specialty retailer’s stock valued at $869,000 after acquiring an additional 2,964 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Sally Beauty Holdings by 2.4% during the first quarter. Thrivent Financial For Lutherans now owns 108,770 shares of the specialty retailer’s stock valued at $2,223,000 after acquiring an additional 2,530 shares in the last quarter. Credit Suisse AG raised its holdings in shares of Sally Beauty Holdings by 15.3% during the first quarter. Credit Suisse AG now owns 183,855 shares of the specialty retailer’s stock valued at $3,758,000 after acquiring an additional 24,344 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Sally Beauty Holdings by 0.8% during the first quarter. Mason Street Advisors LLC now owns 67,822 shares of the specialty retailer’s stock valued at $1,386,000 after acquiring an additional 564 shares in the last quarter.
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Shares of Sally Beauty Holdings (NYSE SBH) opened at 18.95 on Friday. Sally Beauty Holdings has a 52-week low of $17.26 and a 52-week high of $30.17. The firm has a market cap of $2.51 billion, a P/E ratio of 11.57 and a beta of 0.66. The firm’s 50-day moving average is $19.55 and its 200-day moving average is $19.60.
Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The firm had revenue of $998.04 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Analysts anticipate that Sally Beauty Holdings will post $1.82 earnings per share for the current year.
Sally Beauty Holdings declared that its Board of Directors has approved a share repurchase plan on Thursday, August 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 40.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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