Sally Beauty (NYSE:SBH) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sally Beauty (NYSE:SBH) from an underperform rating to a hold rating in a report published on Friday morning, Benzinga reports. The firm currently has $12.00 price objective on the specialty retailer’s stock, down from their previous price objective of $14.00. Jefferies Financial Group also issued estimates for Sally Beauty’s Q3 2019 earnings at $0.53 EPS, FY2019 earnings at $2.12 EPS, Q1 2020 earnings at $0.49 EPS, Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.48 EPS and FY2020 earnings at $1.92 EPS. The analysts noted that the move was a valuation call.

SBH has been the subject of several other research reports. Wells Fargo & Co restated a buy rating on shares of Allergan in a research report on Tuesday, June 25th. ValuEngine upgraded shares of YPF from a sell rating to a hold rating in a research report on Monday, June 24th. BMO Capital Markets set a $66.00 target price on shares of CyrusOne and gave the company a buy rating in a research report on Friday, May 3rd. Bank of America reiterated an underperform rating and issued a $1.25 target price (down previously from $4.50) on shares of Superior Energy Services in a research report on Tuesday, June 25th. Finally, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research report on Tuesday, May 21st. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of Hold and a consensus price target of $15.56.

Sally Beauty stock opened at $12.01 on Friday. The business’s 50-day moving average price is $13.89. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 1.53 and a beta of 0.42. Sally Beauty has a one year low of $11.46 and a one year high of $23.61.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $945.90 million for the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a negative return on equity of 110.97% and a net margin of 6.28%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, equities analysts predict that Sally Beauty will post 2.19 earnings per share for the current year.

In other Sally Beauty news, CEO Christian A. Brickman acquired 5,000 shares of Sally Beauty stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $14.93 per share, for a total transaction of $74,650.00. Following the transaction, the chief executive officer now owns 360,332 shares in the company, valued at approximately $5,379,756.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward W. Rabin acquired 5,500 shares of Sally Beauty stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $16.38 per share, with a total value of $90,090.00. Following the transaction, the director now owns 19,732 shares in the company, valued at approximately $323,210.16. The disclosure for this purchase can be found here. Insiders purchased a total of 22,000 shares of company stock valued at $351,135 in the last quarter. 1.04% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of SBH. Norges Bank bought a new position in shares of Sally Beauty during the 4th quarter valued at about $23,087,000. D. E. Shaw & Co. Inc. boosted its position in shares of Sally Beauty by 72.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock valued at $45,749,000 after purchasing an additional 1,130,288 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Sally Beauty by 13.1% during the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock valued at $155,466,000 after purchasing an additional 976,690 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Sally Beauty by 2,747.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock valued at $15,966,000 after purchasing an additional 836,591 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Sally Beauty by 968.7% during the 4th quarter. Squarepoint Ops LLC now owns 464,976 shares of the specialty retailer’s stock valued at $7,928,000 after purchasing an additional 421,466 shares in the last quarter.

About Sally Beauty

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.

Featured Story: Quick Ratio

Analyst Recommendations for Sally Beauty (NYSE:SBH)

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.