Sally Beauty Holdings, Inc. (NYSE:SBH) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, July 5th.

A number of other brokerages have also commented on SBH. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Saturday, May 6th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC began coverage on Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.33.

Shares of Sally Beauty Holdings (SBH) traded up 0.26% during midday trading on Wednesday, reaching $19.59. 1,242,726 shares of the company traded hands. The company’s 50 day moving average is $18.88 and its 200-day moving average is $21.65. Sally Beauty Holdings has a 12 month low of $17.26 and a 12 month high of $30.40. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.17 and a beta of 0.66.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Sally Beauty Holdings had a negative return on equity of 84.81% and a net margin of 5.92%. The firm had revenue of $966.50 million during the quarter, compared to analysts’ expectations of $986.09 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that Sally Beauty Holdings will post $1.76 earnings per share for the current fiscal year.

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In related news, Director John A. Miller acquired 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the completion of the acquisition, the director now owns 39,802 shares in the company, valued at $730,366.70. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christian A. Brickman acquired 10,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the acquisition, the chief executive officer now owns 142,543 shares of the company’s stock, valued at approximately $2,833,754.84. The disclosure for this purchase can be found here. Insiders have purchased 61,750 shares of company stock valued at $1,130,860 in the last three months. 0.97% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of SBH. Meadow Creek Investment Management LLC boosted its stake in shares of Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock worth $120,000 after buying an additional 616 shares in the last quarter. Cutler Group LP raised its position in shares of Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock worth $130,000 after buying an additional 5,447 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Sally Beauty Holdings by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,274 shares of the specialty retailer’s stock worth $136,000 after buying an additional 14 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock worth $152,000 after buying an additional 784 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares during the last quarter.

About Sally Beauty Holdings

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

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