Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a report released on Monday. They currently have a $23.00 target price on the specialty retailer’s stock. DA Davidson’s target price would indicate a potential upside of 19.23% from the stock’s previous close.
SBH has been the topic of a number of other research reports. BidaskClub lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Robert W. Baird set a $26.00 price target on Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, Jefferies Group LLC started coverage on Sally Beauty Holdings in a report on Friday, June 2nd. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Sally Beauty Holdings has an average rating of “Hold” and an average target price of $25.90.
Sally Beauty Holdings (SBH) traded down 2.82% during mid-day trading on Monday, reaching $19.29. The company had a trading volume of 1,409,966 shares. Sally Beauty Holdings has a 12 month low of $17.26 and a 12 month high of $30.40. The firm’s 50 day moving average price is $19.34 and its 200-day moving average price is $20.94. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.97 and a beta of 0.65.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings results on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $966.50 million for the quarter, compared to analysts’ expectations of $986.09 million. Sally Beauty Holdings had a negative return on equity of 84.81% and a net margin of 5.92%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities research analysts anticipate that Sally Beauty Holdings will post $1.76 earnings per share for the current year.
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In related news, Director John A. Miller acquired 20,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the completion of the purchase, the director now directly owns 39,802 shares of the company’s stock, valued at $730,366.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert R. Mcmaster purchased 5,500 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the transaction, the insider now owns 40,630 shares of the company’s stock, valued at approximately $732,558.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 61,750 shares of company stock worth $1,130,860. Corporate insiders own 0.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Quadrant L P CA purchased a new position in Sally Beauty Holdings during the first quarter worth approximately $11,551,000. Glen Harbor Capital Management LLC raised its position in 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 in the last quarter. CAPROCK Group Inc. purchased a new position in Sally Beauty Holdings during the first quarter worth approximately $298,000. Louisiana State Employees Retirement System raised its position in Sally Beauty Holdings by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the specialty retailer’s stock worth $742,000 after buying an additional 700 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in Sally Beauty Holdings during the first quarter worth approximately $223,000.
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.
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