Sally Beauty Holdings Inc. (SBH) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Sally Beauty Holdings Inc. (NYSE:SBH) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.58.
A number of research firms have issued reports on SBH. B. Riley reissued a “neutral” rating and issued a $29.00 target price on shares of Sally Beauty Holdings in a research note on Monday. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. Citigroup Inc. cut Sally Beauty Holdings to an “underperform” rating in a research report on Tuesday, November 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $29.00 price objective (down from $35.00) on shares of Sally Beauty Holdings in a research report on Wednesday, November 2nd. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 price objective on shares of Sally Beauty Holdings in a research report on Friday, September 30th.
Sally Beauty Holdings (NYSE:SBH) opened at 26.44 on Thursday. The company has a market capitalization of $3.82 billion, a P/E ratio of 17.63 and a beta of 0.67. The firm has a 50-day moving average price of $26.08 and a 200 day moving average price of $27.81. Sally Beauty Holdings has a 12 month low of $23.72 and a 12 month high of $32.93.
Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Sally Beauty Holdings had a negative return on equity of 83.65% and a net margin of 5.64%. The firm earned $976.40 million during the quarter, compared to analysts’ expectations of $989.05 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Analysts expect that Sally Beauty Holdings will post $1.72 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY raised its stake in Sally Beauty Holdings by 0.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,997 shares of the company’s stock valued at $323,000 after buying an additional 40 shares in the last quarter. Cantab Capital Partners LLP raised its position in shares of Sally Beauty Holdings by 0.3% in the second quarter. Cantab Capital Partners LLP now owns 21,979 shares of the company’s stock worth $646,000 after buying an additional 66 shares during the period. IBM Retirement Fund raised its position in shares of Sally Beauty Holdings by 0.5% in the second quarter. IBM Retirement Fund now owns 14,770 shares of the company’s stock worth $434,000 after buying an additional 77 shares during the period. Utah Retirement Systems raised its position in shares of Sally Beauty Holdings by 1.1% in the second quarter. Utah Retirement Systems now owns 26,602 shares of the company’s stock worth $783,000 after buying an additional 300 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Sally Beauty Holdings by 7.3% in the third quarter. Pacer Advisors Inc. now owns 7,595 shares of the company’s stock worth $195,000 after buying an additional 520 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.
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