Sally Beauty Holdings, Inc. (SBH) Receives Consensus Rating of “Hold” from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

Several brokerages recently issued reports on SBH. BidaskClub upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a “market perform” rating and issued a $20.00 target price (down from $21.50) on shares of Sally Beauty in a research note on Wednesday, August 9th. Oppenheimer reiterated a “hold” rating on shares of Sally Beauty in a research note on Wednesday, September 13th. Cowen reiterated a “buy” rating and issued a $24.00 target price on shares of Sally Beauty in a research note on Thursday, September 28th. Finally, DA Davidson reiterated a “neutral” rating and issued a $21.00 target price (down from $23.00) on shares of Sally Beauty in a research note on Friday, September 8th.

In related news, Director Edward W. Rabin acquired 3,750 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average cost of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the transaction, the director now directly owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.97% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Burgundy Asset Management Ltd. increased its holdings in shares of Sally Beauty by 21.6% during the third quarter. Burgundy Asset Management Ltd. now owns 3,110,584 shares of the specialty retailer’s stock worth $60,905,000 after purchasing an additional 553,203 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Sally Beauty by 40.3% during the third quarter. Public Employees Retirement System of Ohio now owns 275,027 shares of the specialty retailer’s stock worth $5,385,000 after purchasing an additional 79,015 shares during the period. GSA Capital Partners LLP bought a new position in shares of Sally Beauty during the third quarter worth approximately $197,000. California Public Employees Retirement System increased its holdings in shares of Sally Beauty by 7.7% during the third quarter. California Public Employees Retirement System now owns 441,721 shares of the specialty retailer’s stock worth $8,649,000 after purchasing an additional 31,721 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Sally Beauty during the third quarter worth approximately $1,430,000.

Shares of Sally Beauty (NYSE:SBH) opened at $16.65 on Thursday. Sally Beauty has a one year low of $14.05 and a one year high of $27.71. The stock has a market cap of $2,215.50, a PE ratio of 9.58, a P/E/G ratio of 1.61 and a beta of 0.66. The company has a quick ratio of 0.42, a current ratio of 2.04 and a debt-to-equity ratio of -4.87.

Sally Beauty (NYSE:SBH) last issued its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $989.96 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts predict that Sally Beauty will post 1.9 earnings per share for the current fiscal year.

Sally Beauty announced that its Board of Directors has initiated a stock buyback program on Thursday, August 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 40.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Sally Beauty Company Profile

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.

Analyst Recommendations for Sally Beauty (NYSE:SBH)

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