Sally Beauty Holdings Inc. (NYSE:SBH) received a $29.00 target price from Cowen and Company in a research note issued on Thursday. The brokerage presently has a a “buy” rating on the stock. Cowen and Company’s price target indicates a potential upside of 12.93% from the company’s previous close.
A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. Robert W. Baird restated an “outperform” rating and issued a $32.00 price target (down from $34.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. KeyCorp reduced their price target on Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, August 5th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Sally Beauty Holdings in a research report on Wednesday, June 22nd. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $28.00 price target (down from $30.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.38.
Sally Beauty Holdings (NYSE:SBH) opened at 25.68 on Thursday. The stock has a market cap of $3.75 billion, a P/E ratio of 17.13 and a beta of 0.75. Sally Beauty Holdings has a 52 week low of $21.94 and a 52 week high of $32.93. The firm has a 50-day moving average price of $27.26 and a 200-day moving average price of $29.24.
Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $998 million for the quarter, compared to analyst estimates of $1,000 million. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts predict that Sally Beauty Holdings will post $1.71 EPS for the current year.
In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of Sally Beauty Holdings stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $26.37, for a total value of $171,194.04. Following the sale, the insider now owns 7,530 shares of the company’s stock, valued at approximately $198,566.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock worth $229,000 after buying an additional 2,223 shares in the last quarter. ING Groep NV bought a new stake in Sally Beauty Holdings during the first quarter worth about $810,000. M&T Bank Corp increased its stake in Sally Beauty Holdings by 557.7% in the first quarter. M&T Bank Corp now owns 56,445 shares of the company’s stock worth $1,827,000 after buying an additional 47,863 shares in the last quarter. Menta Capital LLC bought a new stake in Sally Beauty Holdings during the first quarter worth about $544,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Sally Beauty Holdings during the first quarter worth about $726,000.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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