Brokerages Set Sally Beauty Holdings, Inc. (NYSE:SBH) Price Target at $14.30

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.30.

SBH has been the subject of several research reports. DA Davidson lifted their price objective on shares of Sally Beauty from $14.00 to $16.50 and gave the stock an “add” rating in a research note on Tuesday, June 25th. Zacks Investment Research upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine downgraded shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Bank of America reiterated an “underperform” rating and set a $13.00 price objective (down from $15.00) on shares of Sally Beauty in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group upgraded shares of Sally Beauty from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research note on Friday, July 12th. They noted that the move was a valuation call.

In related news, CEO Christian A. Brickman acquired 5,000 shares of the stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $74,650.00. Following the completion of the purchase, the chief executive officer now owns 360,332 shares of the company’s stock, valued at approximately $5,379,756.76. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.04% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Sally Beauty during the fourth quarter worth $23,087,000. Champlain Investment Partners LLC raised its holdings in shares of Sally Beauty by 13.1% during the first quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock worth $155,466,000 after purchasing an additional 976,690 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Sally Beauty by 2,747.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock worth $15,966,000 after purchasing an additional 836,591 shares during the last quarter. Ardevora Asset Management LLP raised its holdings in shares of Sally Beauty by 41.5% during the second quarter. Ardevora Asset Management LLP now owns 2,769,200 shares of the specialty retailer’s stock worth $36,941,000 after purchasing an additional 812,700 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Sally Beauty by 47.1% during the fourth quarter. Deutsche Bank AG now owns 1,073,244 shares of the specialty retailer’s stock worth $18,295,000 after purchasing an additional 343,562 shares during the last quarter.

SBH traded down $0.49 during trading on Tuesday, hitting $13.07. The stock had a trading volume of 2,133,896 shares, compared to its average volume of 2,772,502. The stock has a market cap of $1.63 billion, a P/E ratio of 6.05, a PEG ratio of 1.86 and a beta of 0.44. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61. The business’s 50 day simple moving average is $12.89.

Sally Beauty (NYSE:SBH) last announced its earnings results on Wednesday, July 31st. The specialty retailer reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $975.20 million during the quarter, compared to the consensus estimate of $986.27 million. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. Sally Beauty’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. Research analysts predict that Sally Beauty will post 2.21 EPS for the current fiscal year.

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.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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