Sally Beauty (NYSE:SBH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “
Several other equities research analysts have also issued reports on the company. ValuEngine lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets dropped their price objective on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, November 15th. Robert W. Baird set a $21.00 price objective on Sally Beauty and gave the company a “buy” rating in a research note on Friday, December 22nd. Morgan Stanley dropped their price objective on Sally Beauty from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Finally, Bank of America dropped their price objective on Sally Beauty from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.50.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The company had revenue of $994.96 million during the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. equities analysts expect that Sally Beauty will post 2.42 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in Sally Beauty during the fourth quarter worth about $185,000. GSA Capital Partners LLP bought a new stake in shares of Sally Beauty in the 3rd quarter valued at about $197,000. Invictus RG bought a new stake in shares of Sally Beauty in the 3rd quarter valued at about $202,000. Koch Industries Inc. bought a new stake in shares of Sally Beauty in the 4th quarter valued at about $231,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Sally Beauty in the 3rd quarter valued at about $261,000.
ILLEGAL ACTIVITY NOTICE: “Sally Beauty (SBH) Downgraded by Zacks Investment Research to Hold” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3261185/sally-beauty-sbh-downgraded-by-zacks-investment-research-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.