Sally Beauty (NYSE:SBH) was upgraded by equities research analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a report issued on Friday, The Fly reports.
Several other research firms also recently weighed in on SBH. Bank of America restated an “underperform” rating and issued a $1.25 price objective (down from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Wells Fargo & Co restated a “buy” rating on shares of Allergan in a report on Tuesday, June 25th. DA Davidson began coverage on WillScot in a report on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Sally Beauty presently has an average rating of “Hold” and a consensus target price of $15.94.
NYSE:SBH opened at $11.73 on Friday. The stock’s fifty day simple moving average is $14.22. The company has a market capitalization of $1.43 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 1.51 and a beta of 0.42. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61.
Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $945.90 million during the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Sell-side analysts predict that Sally Beauty will post 2.19 earnings per share for the current fiscal year.
In related news, Director Edward W. Rabin bought 5,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $16.38 per share, for a total transaction of $90,090.00. Following the completion of the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at $323,210.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian A. Brickman bought 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $16.40 per share, for a total transaction of $164,000.00. Following the purchase, the chief executive officer now directly owns 355,332 shares of the company’s stock, valued at $5,827,444.80. The disclosure for this purchase can be found here. Insiders acquired 22,000 shares of company stock worth $351,135 in the last quarter. 1.04% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SBH. Truvestments Capital LLC purchased a new stake in shares of Sally Beauty during the first quarter worth about $28,000. Advisory Services Network LLC grew its stake in shares of Sally Beauty by 118.1% during the first quarter. Advisory Services Network LLC now owns 1,684 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 912 shares during the last quarter. Royce & Associates LP grew its stake in shares of Sally Beauty by 40.6% during the first quarter. Royce & Associates LP now owns 2,510 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 725 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Sally Beauty by 188.2% during the fourth quarter. Advisor Group Inc. now owns 8,744 shares of the specialty retailer’s stock worth $149,000 after acquiring an additional 5,710 shares during the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Sally Beauty by 16.4% during the fourth quarter. Flinton Capital Management LLC now owns 9,424 shares of the specialty retailer’s stock worth $161,000 after acquiring an additional 1,328 shares during the last quarter.
About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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