Sally Beauty Holdings Inc. (NYSE:SBH) was downgraded by equities research analysts at Citigroup Inc. to an “underperform” rating in a report issued on Tuesday.

A number of other research analysts have also weighed in on SBH. Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. KeyCorp decreased their price objective on Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $32.00 price objective (down from $34.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $30.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.85.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

Shares of Sally Beauty Holdings (NYSE:SBH) opened at 25.99 on Tuesday. Sally Beauty Holdings has a 52 week low of $23.72 and a 52 week high of $32.93. The stock has a 50 day moving average price of $26.08 and a 200-day moving average price of $27.94. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.34 and a beta of 0.67.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $976.40 million for the quarter, compared to analyst estimates of $989.05 million. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, equities research analysts forecast that Sally Beauty Holdings will post $1.72 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of SBH. BlackRock Fund Advisors increased its stake in Sally Beauty Holdings by 288.8% in the third quarter. BlackRock Fund Advisors now owns 5,304,422 shares of the company’s stock valued at $136,218,000 after buying an additional 3,940,270 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Sally Beauty Holdings by 203.3% in the second quarter. Point72 Asset Management L.P. now owns 3,653,300 shares of the company’s stock valued at $107,444,000 after buying an additional 2,448,900 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in Sally Beauty Holdings by 19.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 13,783,467 shares of the company’s stock valued at $405,372,000 after buying an additional 2,227,625 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Sally Beauty Holdings during the third quarter valued at $44,552,000. Finally, Eaton Vance Management increased its stake in Sally Beauty Holdings by 339.1% in the second quarter. Eaton Vance Management now owns 1,942,858 shares of the company’s stock valued at $57,139,000 after buying an additional 1,500,384 shares during 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.

5 Day Chart for NYSE:SBH

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