Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a note issued to investors on Monday, July 24th. They currently have a $23.00 price target on the specialty retailer’s stock. DA Davidson’s price objective would suggest a potential upside of 28.28% from the stock’s previous close.
A number of other brokerages have also weighed in on SBH. Jefferies Group LLC started coverage on Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating for the company. Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. BidaskClub raised Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the company a “buy” rating in a research report on Saturday, May 6th. Finally, ValuEngine lowered Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.70.
Shares of Sally Beauty Holdings (NYSE:SBH) opened at 17.93 on Monday. Sally Beauty Holdings has a 1-year low of $17.26 and a 1-year high of $30.17. The firm has a market capitalization of $2.38 billion, a P/E ratio of 10.95 and a beta of 0.65. The stock has a 50 day moving average of $19.94 and a 200-day moving average of $20.18.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $998.04 million during 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%. Sally Beauty Holdings’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. On average, equities analysts expect that Sally Beauty Holdings will post $1.82 earnings per share for the current year.
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In related news, CEO Christian A. Brickman bought 10,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief executive officer now directly owns 143,043 shares of the company’s stock, valued at $2,561,900.13. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Miller bought 20,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was bought at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the purchase, the director now directly owns 39,802 shares of the company’s stock, valued at $730,366.70. The disclosure for this purchase can be found here. Insiders bought 61,750 shares of company stock worth $1,111,060 in the last 90 days. Company insiders own 0.97% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock worth $233,521,000 after buying an additional 11,339,645 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sally Beauty Holdings by 4.6% in the first quarter. Vanguard Group Inc. now owns 11,330,251 shares of the specialty retailer’s stock worth $231,591,000 after buying an additional 501,039 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Sally Beauty Holdings during the second quarter worth approximately $179,760,000. Nordea Investment Management AB boosted its position in shares of Sally Beauty Holdings by 24.7% in the second quarter. Nordea Investment Management AB now owns 6,057,114 shares of the specialty retailer’s stock worth $122,657,000 after buying an additional 1,200,950 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Sally Beauty Holdings by 0.4% in the second quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock worth $81,789,000 after buying an additional 14,768 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.
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