DA Davidson lowered shares of Sally Beauty (NYSE:SBH) from a neutral rating to an underperform rating in a report published on Thursday morning, Briefing.com Automated Import reports. DA Davidson currently has $15.00 target price on the specialty retailer’s stock, up from their previous target price of $12.50.

Separately, ValuEngine downgraded Sally Beauty from a sell rating to a strong sell rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Sally Beauty currently has an average rating of Hold and a consensus target price of $15.83.

Shares of SBH traded down $0.04 during trading hours on Thursday, reaching $18.97. 2,269,068 shares of the company’s stock traded hands, compared to its average volume of 2,022,507. The stock has a market cap of $2.29 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 2.18 and a beta of 0.46. The firm’s 50 day simple moving average is $16.29 and its 200-day simple moving average is $14.57. Sally Beauty has a 12 month low of $11.46 and a 12 month high of $21.98.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $965.94 million during the quarter, compared to the consensus estimate of $955.06 million. Sally Beauty had a negative return on equity of 189.31% and a net margin of 7.01%. Sally Beauty’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. Analysts expect that Sally Beauty will post 2.31 earnings per share for the current year.

In related news, Director Marshall E. Eisenberg acquired 10,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of $11.89 per share, for a total transaction of $118,900.00. Following the completion of the transaction, the director now owns 72,071 shares of the company’s stock, valued at approximately $856,924.19. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John A. Miller acquired 40,500 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average price of $12.21 per share, with a total value of $494,505.00. Following the transaction, the director now directly owns 51,873 shares of the company’s stock, valued at approximately $633,369.33. The disclosure for this purchase can be found here. Insiders acquired 51,500 shares of company stock valued at $625,675 in the last quarter. Corporate insiders own 1.04% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Sally Beauty by 0.6% in the second quarter. BlackRock Inc. now owns 14,286,208 shares of the specialty retailer’s stock valued at $190,576,000 after purchasing an additional 88,389 shares during the last quarter. AMG National Trust Bank purchased a new position in shares of Sally Beauty during the second quarter valued at approximately $600,000. Public Employees Retirement System of Ohio increased its stake in shares of Sally Beauty by 30.1% during the second quarter. Public Employees Retirement System of Ohio now owns 161,179 shares of the specialty retailer’s stock valued at $2,150,000 after buying an additional 37,320 shares during the period. BBT Capital Management LLC purchased a new position in shares of Sally Beauty during the second quarter valued at approximately $573,000. Finally, Bbva USA Bancshares Inc. increased its stake in shares of Sally Beauty by 9.1% during the second quarter. Bbva USA Bancshares Inc. now owns 48,590 shares of the specialty retailer’s stock valued at $648,000 after buying an additional 4,066 shares during the period.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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