Sally Beauty Holdings’ (SBH) “Hold” Rating Reiterated at Piper Jaffray Cos.
Sally Beauty Holdings Inc. (NYSE:SBH)‘s stock had its “hold” rating reaffirmed by equities research analysts at Piper Jaffray Cos. in a research note issued to investors on Friday. They currently have a $27.00 target price on the stock. Piper Jaffray Cos.’s target price indicates a potential upside of 4.05% from the company’s current price.
A number of other research firms also recently commented on SBH. Zacks Investment Research raised shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 12th. B. Riley reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Sally Beauty Holdings in a research note on Thursday, September 15th. Cowen and Company set a $29.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Thursday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $32.00 target price (down previously from $34.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sally Beauty Holdings has a consensus rating of “Hold” and a consensus price target of $31.38.
Sally Beauty Holdings (NYSE:SBH) traded down 0.66% during mid-day trading on Friday, reaching $25.78. 1,481,422 shares of the company’s stock were exchanged. Sally Beauty Holdings has a 52 week low of $21.94 and a 52 week high of $32.93. The company’s 50 day moving average price is $27.30 and its 200-day moving average price is $29.28. The company has a market capitalization of $3.76 billion, a P/E ratio of 17.20 and a beta of 0.75.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. Sally Beauty Holdings had a net margin of 5.75% and a negative return on equity of 81.78%. The company earned $998 million during the quarter, compared to the consensus estimate of $1,000 million. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Sally Beauty Holdings will post $1.71 earnings per share for the current fiscal year.
In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in SBH. Cowen Group Inc. boosted its position in Sally Beauty Holdings by 11.1% in the second quarter. Cowen Group Inc. now owns 10,000 shares of the company’s stock worth $294,000 after buying an additional 1,000 shares in the last quarter. Royal Bank of Canada boosted its position in Sally Beauty Holdings by 2.6% in the second quarter. Royal Bank of Canada now owns 113,563 shares of the company’s stock worth $3,341,000 after buying an additional 2,880 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Sally Beauty Holdings by 11.2% in the second quarter. Public Employees Retirement System of Ohio now owns 204,464 shares of the company’s stock worth $6,013,000 after buying an additional 20,621 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in Sally Beauty Holdings by 5.4% in the second quarter. ST Germain D J Co. Inc. now owns 467,621 shares of the company’s stock worth $13,753,000 after buying an additional 23,751 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its position in Sally Beauty Holdings by 4,745.6% in the second quarter. Calvert Investment Management Inc. now owns 416,235 shares of the company’s stock worth $12,241,000 after buying an additional 407,645 shares in the last quarter.
Sally Beauty Holdings Company Profile
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.
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