Analysts Set Sally Beauty Holdings, Inc. (SBH) PT at $16.88

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $16.88.

A number of research analysts recently commented on SBH shares. Zacks Investment Research downgraded Sally Beauty from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. ValuEngine downgraded Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st. Citigroup started coverage on Sally Beauty in a research note on Thursday, December 20th. They set an “underweight” rating for the company. Finally, Wells Fargo & Co set a $18.00 price objective on Sally Beauty and gave the stock a “hold” rating in a research note on Tuesday, February 5th.

Shares of NYSE SBH traded up $0.20 during trading on Wednesday, reaching $18.41. The stock had a trading volume of 1,287,561 shares, compared to its average volume of 1,165,060. Sally Beauty has a one year low of $13.72 and a one year high of $23.61. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 2.11 and a beta of 0.43.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $989.45 million during the quarter, compared to the consensus estimate of $992.83 million. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Research analysts forecast that Sally Beauty will post 2.22 EPS for the current year.

In other news, CFO Aaron E. Alt bought 2,700 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were bought at an average cost of $18.66 per share, with a total value of $50,382.00. Following the transaction, the chief financial officer now directly owns 91,091 shares in the company, valued at approximately $1,699,758.06. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward W. Rabin acquired 4,500 shares of the stock in a transaction dated Thursday, February 7th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the acquisition, the director now owns 19,732 shares in the company, valued at approximately $348,269.80. The disclosure for this purchase can be found here. Corporate insiders own 1.04% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SBH. Wells Fargo & Company MN increased its holdings in shares of Sally Beauty by 13.6% during the 3rd quarter. Wells Fargo & Company MN now owns 864,310 shares of the specialty retailer’s stock valued at $15,896,000 after acquiring an additional 103,155 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sally Beauty during the 3rd quarter valued at about $504,000. PNC Financial Services Group Inc. increased its holdings in shares of Sally Beauty by 308.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 29,673 shares of the specialty retailer’s stock valued at $546,000 after acquiring an additional 22,408 shares during the last quarter. FMR LLC increased its holdings in shares of Sally Beauty by 9.8% during the 3rd quarter. FMR LLC now owns 16,553,796 shares of the specialty retailer’s stock valued at $304,424,000 after acquiring an additional 1,478,733 shares during the last quarter. Finally, Credit Suisse AG increased its holdings in shares of Sally Beauty by 5.8% during the 3rd quarter. Credit Suisse AG now owns 267,086 shares of the specialty retailer’s stock valued at $4,912,000 after acquiring an additional 14,682 shares during the last quarter.

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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