Sally Beauty Holdings Inc. (SBH) Receives $31.17 Average Price Target from Analysts
Sally Beauty Holdings Inc. (NYSE:SBH) has been given an average rating of “Hold” by the fourteen brokerages that are covering the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.17.
A number of brokerages recently issued reports on SBH. Zacks Investment Research cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. KeyCorp reiterated a “buy” rating on shares of Sally Beauty Holdings in a report on Monday, June 20th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Sally Beauty Holdings in a report on Wednesday, June 22nd. 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, September 29th. Finally, B. Riley reiterated a “neutral” rating and issued a $30.00 target price on shares of Sally Beauty Holdings in a report on Sunday, August 14th.
Sally Beauty Holdings (NYSE:SBH) opened at 26.00 on Thursday. The company has a market capitalization of $3.79 billion, a PE ratio of 17.34 and a beta of 0.81. The firm’s 50-day moving average is $26.69 and its 200-day moving average is $28.80. Sally Beauty Holdings has a 52-week low of $21.94 and a 52-week high of $32.93.
Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The company had revenue of $998 million for the quarter, compared to analysts’ expectations of $1,000 million. During the same period last year, the business earned $0.41 EPS. Sally Beauty Holdings’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Sally Beauty Holdings will post $1.71 EPS for the current year.
In other news, insider Mark Gregory Spinks sold 6,492 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $26.37, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. purchased a new position in Sally Beauty Holdings during the second quarter valued at $205,000. Pacer Advisors Inc. increased its position in Sally Beauty Holdings by 505.7% in the second quarter. Pacer Advisors Inc. now owns 7,075 shares of the company’s stock valued at $208,000 after buying an additional 5,907 shares during the last quarter. Meeder Asset Management Inc. increased its position in Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock valued at $229,000 after buying an additional 2,223 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in Sally Beauty Holdings by 17.5% in the second quarter. Reliance Trust Co. of Delaware now owns 8,388 shares of the company’s stock valued at $247,000 after buying an additional 1,247 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in Sally Beauty Holdings by 9.9% in the second quarter. Raymond James Trust N.A. now owns 8,446 shares of the company’s stock valued at $249,000 after buying an additional 760 shares during the last quarter.
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.
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