Sally Beauty Holdings Inc. (SBH) PT Set at $29.00 by Cowen and Company
Sally Beauty Holdings Inc. (NYSE:SBH) has been given a $29.00 price target by equities researchers at Cowen and Company in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 7.73% from the company’s previous close.
SBH has been the subject of several other reports. Piper Jaffray Cos. reissued a “hold” rating and issued a $27.00 target price on shares of Sally Beauty Holdings in a research note on Friday, September 30th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $35.00 target price on shares of Sally Beauty Holdings in a research note on Thursday, September 15th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Citigroup Inc. cut Sally Beauty Holdings to an “underperform” rating in a research note on Tuesday, November 15th. Finally, KeyCorp lowered their target price on Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Sally Beauty Holdings has a consensus rating of “Hold” and an average target price of $30.85.
Sally Beauty Holdings (NYSE:SBH) opened at 26.92 on Tuesday. Sally Beauty Holdings has a 52-week low of $23.72 and a 52-week high of $32.93. The company’s 50-day moving average price is $26.16 and its 200 day moving average price is $27.78. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.95 and a beta of 0.67.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 last year, the firm posted $0.38 EPS. The business’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Sally Beauty Holdings will post $1.72 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SBH. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sally Beauty Holdings by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,868 shares of the company’s stock valued at $125,000 after buying an additional 557 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Sally Beauty Holdings during the third quarter worth approximately $132,000. Pacer Advisors Inc. raised its stake 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. Bbva Compass Bancshares Inc. purchased a new stake in shares of Sally Beauty Holdings during the third quarter worth approximately $201,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Sally Beauty Holdings during the second quarter worth approximately $205,000.
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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