Sally Beauty Holdings Inc. (SBH) Given a $29.00 Price Target at Cowen and Company
Other equities analysts also recently issued reports about the company. B. Riley restated a neutral rating and set a $30.00 price target on shares of Sally Beauty Holdings in a report on Sunday, August 14th. Zacks Investment Research upgraded Sally Beauty Holdings from a sell rating to a hold rating in a report on Saturday, September 3rd. Robert W. Baird reaffirmed an outperform rating and set a $32.00 price objective (down from $34.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. Piper Jaffray Cos. reaffirmed a neutral rating and set a $28.00 price objective (down from $30.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. Finally, KeyCorp reaffirmed a buy rating on shares of Sally Beauty Holdings in a research report on Monday, June 20th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $31.46.
Sally Beauty Holdings (NYSE:SBH) traded up 0.39% during trading on Thursday, reaching $26.05. 709,776 shares of the company’s stock were exchanged. The stock has a market cap of $3.80 billion, a PE ratio of 17.38 and a beta of 0.75. The firm has a 50 day moving average of $27.30 and a 200-day moving average of $29.28. Sally Beauty Holdings has a 12 month low of $21.94 and a 12 month high of $32.93.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The firm earned $998 million during the quarter, compared to the consensus estimate of $1,000 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Sally Beauty Holdings will post $1.71 earnings per share for the current fiscal year.
In other news, insider Mark Gregory Spinks sold 6,492 shares of Sally Beauty Holdings stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $26.37, for a total value of $171,194.04. Following the completion of the transaction, the insider now owns 7,530 shares in the company, valued at approximately $198,566.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.18% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sally Beauty Holdings by 209.8% in the first quarter. BlackRock Inc. now owns 18,674 shares of the company’s stock worth $604,000 after buying an additional 12,647 shares during the period. Norges Bank bought a new position in shares of Sally Beauty Holdings during the fourth quarter worth approximately $33,254,000. M&T Bank Corp boosted its position in shares of Sally Beauty Holdings by 557.7% in the first quarter. M&T Bank Corp now owns 56,445 shares of the company’s stock worth $1,827,000 after buying an additional 47,863 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Sally Beauty Holdings by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 92,749 shares of the company’s stock worth $3,003,000 after buying an additional 3,763 shares during the period. Finally, Eaton Vance Management boosted its position in shares of Sally Beauty Holdings by 339.1% in the second quarter. Eaton Vance Management now owns 1,942,858 shares of the company’s stock worth $57,139,000 after buying an additional 1,500,384 shares during the period.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
Receive News & Stock Ratings for Sally Beauty Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty Holdings Inc. and related stocks with our FREE daily email newsletter.