Sally Beauty (NYSE:SBH) Raised to “Hold” at Jefferies Financial Group

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Sally Beauty (NYSE:SBH) was upgraded by research analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued on Friday, MarketBeat reports. The brokerage presently has a $12.00 price target on the specialty retailer’s stock, down from their previous price target of $14.00. Jefferies Financial Group’s price objective points to a potential downside of 0.17% from the stock’s current price. 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.

A number of other equities analysts also recently commented on SBH. DA Davidson started coverage on shares of WillScot in a research note on Tuesday, June 25th. They set a “buy” rating and a $19.00 target price for the company. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Wells Fargo & Co reiterated a “buy” rating on shares of Allergan in a research note on Tuesday, June 25th. Bank of America reiterated an “underperform” rating and set a $1.25 target price (down previously from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. Finally, BMO Capital Markets set a $66.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.56.

NYSE:SBH opened at $12.02 on Friday. The stock has a fifty day simple moving average of $14.14. The firm has a market capitalization of $1.41 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42. Sally Beauty has a 52 week low of $11.46 and a 52 week high of $23.61.

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

In related news, Director Edward W. Rabin acquired 5,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $16.38 per share, for a total transaction of $90,090.00. Following the completion of the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at approximately $323,210.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christian A. Brickman acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $16.40 per share, with a total value of $164,000.00. Following the purchase, the chief executive officer now directly owns 355,332 shares of the company’s stock, valued at $5,827,444.80. The disclosure for this purchase can be found here. Insiders acquired 22,000 shares of company stock valued at $351,135 in the last 90 days. 1.04% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Sally Beauty by 1.7% in the fourth quarter. BlackRock Inc. now owns 14,219,957 shares of the specialty retailer’s stock valued at $242,451,000 after acquiring an additional 238,504 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Sally Beauty by 13.1% in the first quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock valued at $155,466,000 after buying an additional 976,690 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Sally Beauty by 4.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,110,066 shares of the specialty retailer’s stock valued at $75,667,000 after buying an additional 184,474 shares during the last quarter. LSV Asset Management raised its holdings in shares of Sally Beauty by 0.8% in the first quarter. LSV Asset Management now owns 3,229,545 shares of the specialty retailer’s stock valued at $59,455,000 after buying an additional 24,700 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Sally Beauty by 72.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock valued at $45,749,000 after buying an additional 1,130,288 shares during the last quarter.

Sally Beauty Company Profile

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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