Zacks Investment Research upgraded shares of Sally Beauty Holdings Inc. (NYSE:SBH) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “SALLY BEAUTY HOLDING INC is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2.5 billion annually. Through they Supply and Beauty Systems Group businesses, the Company sells and distributes through over 3,500 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Canada, Puerto Rico, Mexico, Japan, Ireland, Spain and Germany. “

A number of other equities research analysts have also commented on SBH. KeyCorp lowered their price target on shares of Sally Beauty Holdings from $36.00 to $30.00 and set an overweight rating for the company in a report on Friday, August 5th. Robert W. Baird restated 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. restated 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. B. Riley restated a neutral rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a report on Tuesday, August 9th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and issued a $35.00 price objective on shares of Sally Beauty Holdings in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $30.85.

Shares of Sally Beauty Holdings (NYSE:SBH) traded down 0.8198% during trading on Thursday, reaching $26.6398. 265,396 shares of the company were exchanged. Sally Beauty Holdings has a one year low of $23.72 and a one year high of $32.93. The stock has a 50-day moving average price of $26.05 and a 200-day moving average price of $27.93. The stock has a market capitalization of $3.89 billion, a PE ratio of 17.7717 and a beta of 0.67.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. Sally Beauty Holdings had a net margin of 5.64% and a negative return on equity of 83.65%. The company earned $976.40 million during the quarter, compared to analyst estimates of $989.05 million. During the same period in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Analysts forecast that Sally Beauty Holdings will post $1.72 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Sally Beauty Holdings by 0.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,542,628 shares of the company’s stock valued at $427,699,000 after buying an additional 106,073 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of 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. Vanguard Group Inc. raised its position in shares of Sally Beauty Holdings by 0.8% in the second quarter. Vanguard Group Inc. now owns 10,120,907 shares of the company’s stock valued at $297,656,000 after buying an additional 79,871 shares during the last quarter. Jackson Square Partners LLC raised its position in shares of Sally Beauty Holdings by 16.6% in the second quarter. Jackson Square Partners LLC now owns 9,265,944 shares of the company’s stock valued at $272,511,000 after buying an additional 1,316,415 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Sally Beauty Holdings by 1.3% in the second quarter. Janus Capital Management LLC now owns 8,289,798 shares of the company’s stock valued at $243,802,000 after buying an additional 105,633 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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