Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “neutral” rating reissued by DA Davidson in a research note issued to investors on Friday. They presently have a $21.00 price objective on the specialty retailer’s stock, down from their previous price objective of $23.00. DA Davidson’s target price indicates a potential upside of 7.42% from the company’s previous close.

SBH has been the topic of a number of other reports. BidaskClub cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC initiated coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $20.00 price target (down from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Shares of Sally Beauty Holdings (NYSE:SBH) traded down 0.66% during mid-day trading on Friday, reaching $19.55. The company had a trading volume of 1,216,767 shares. The stock has a 50 day moving average price of $19.52 and a 200 day moving average price of $19.74. Sally Beauty Holdings has a 12-month low of $17.26 and a 12-month high of $30.17. The firm has a market capitalization of $2.59 billion, a PE ratio of 11.94 and a beta of 0.66.

Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million for the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities analysts forecast that Sally Beauty Holdings will post $1.82 earnings per share for the current year.

Sally Beauty Holdings declared that its board has initiated a stock buyback plan on Thursday, August 31st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 20,000 shares of Sally Beauty Holdings stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Edward W. Rabin bought 4,250 shares of Sally Beauty Holdings stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $18.06 per share, for a total transaction of $76,755.00. Following the completion of the purchase, the director now directly owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The disclosure for this purchase can be found here. Insiders have bought 34,250 shares of company stock worth $606,555 over the last three months. Insiders own 0.97% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in shares of Sally Beauty Holdings by 0.4% during the first quarter. Capstone Asset Management Co. now owns 12,591 shares of the specialty retailer’s stock valued at $257,000 after purchasing an additional 50 shares in the last quarter. M&T Bank Corp boosted its position in shares of Sally Beauty Holdings by 0.6% during the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 65 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Sally Beauty Holdings by 0.3% during the first quarter. Arizona State Retirement System now owns 59,700 shares of the specialty retailer’s stock valued at $1,220,000 after purchasing an additional 200 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Sally Beauty Holdings by 0.9% during the second quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after purchasing an additional 200 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Sally Beauty Holdings by 0.5% during the first quarter. State Treasurer State of Michigan now owns 58,300 shares of the specialty retailer’s stock valued at $1,192,000 after purchasing an additional 300 shares in the last quarter.

Sally Beauty Holdings Company Profile

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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