Sally Beauty (SBH) Rating Lowered to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of Sally Beauty (NYSE:SBH) from a hold rating to an underperform rating in a report published on Wednesday morning, MarketBeat.com reports. The brokerage currently has $14.00 target price on the specialty retailer’s stock, up from their prior target price of $13.50. Jefferies Financial Group also issued estimates for Sally Beauty’s Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.96 EPS.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Sally Beauty from a strong sell rating to a hold rating in a research note on Wednesday, October 3rd. Bank of America raised their target price on shares of Sally Beauty from $14.00 to $16.00 and gave the company a sell rating in a research note on Thursday, October 4th. Morgan Stanley lowered their target price on shares of Sally Beauty from $13.50 to $13.00 and set an underweight rating on the stock in a research note on Monday, August 6th. ValuEngine raised shares of Sally Beauty from a strong sell rating to a sell rating in a research note on Friday, October 12th. Finally, beau downgraded shares of Sally Beauty from a neutral rating to an underperform rating and lowered their target price for the company from $17.00 to $15.00 in a research note on Tuesday, July 17th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company has a consensus rating of Hold and a consensus target price of $16.00.

Shares of Sally Beauty stock opened at $17.06 on Wednesday. Sally Beauty has a 12-month low of $13.72 and a 12-month high of $19.17. The stock has a market capitalization of $2.05 billion, a PE ratio of 8.40, a PEG ratio of 1.64 and a beta of 0.17.



Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The firm had revenue of $996.28 million for the quarter, compared to the consensus estimate of $995.30 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts predict that Sally Beauty will post 2.12 EPS for the current year.

In other Sally Beauty news, CEO Christian A. Brickman purchased 16,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average cost of $13.90 per share, with a total value of $222,400.00. Following the completion of the purchase, the chief executive officer now owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aaron E. Alt purchased 4,000 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were acquired at an average cost of $14.07 per share, for a total transaction of $56,280.00. Following the completion of the purchase, the chief financial officer now directly owns 69,619 shares of the company’s stock, valued at approximately $979,539.33. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. KBC Group NV raised its stake in shares of Sally Beauty by 331.4% during the second quarter. KBC Group NV now owns 672,775 shares of the specialty retailer’s stock worth $10,785,000 after acquiring an additional 516,826 shares in the last quarter. Sei Investments Co. raised its stake in shares of Sally Beauty by 432.6% during the second quarter. Sei Investments Co. now owns 201,382 shares of the specialty retailer’s stock worth $3,228,000 after acquiring an additional 163,571 shares in the last quarter. Auxier Asset Management raised its stake in shares of Sally Beauty by 14.2% during the second quarter. Auxier Asset Management now owns 87,259 shares of the specialty retailer’s stock worth $1,399,000 after acquiring an additional 10,850 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Sally Beauty during the second quarter worth approximately $2,145,000. Finally, Wells Fargo & Company MN raised its stake in shares of Sally Beauty by 36.2% during the second quarter. Wells Fargo & Company MN now owns 761,155 shares of the specialty retailer’s stock worth $12,202,000 after acquiring an additional 202,471 shares in the last quarter.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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