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

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.31.

A number of equities analysts recently commented on SBH shares. Zacks Investment Research downgraded Sally Beauty from a “hold” rating to a “sell” rating in a report on Monday, January 21st. ValuEngine upgraded Sally Beauty from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co set a $18.00 target price on Sally Beauty and gave the company a “hold” rating in a report on Tuesday, February 5th. Finally, Bank of America restated an “underperform” rating and set a $16.00 target price (down previously from $19.00) on shares of Sally Beauty in a report on Thursday, May 2nd.

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



Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Sally Beauty by 1.7% in the fourth quarter. BlackRock Inc. now owns 14,219,957 shares of the specialty retailer’s stock worth $242,451,000 after acquiring an additional 238,504 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Sally Beauty by 6.6% in the first quarter. ArrowMark Colorado Holdings LLC now owns 11,453,215 shares of the specialty retailer’s stock worth $210,854,000 after acquiring an additional 708,786 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Sally Beauty by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,863,736 shares of the specialty retailer’s stock worth $199,784,000 after acquiring an additional 50,875 shares during the last quarter. Champlain Investment Partners LLC grew its stake 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 worth $155,466,000 after acquiring an additional 976,690 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake 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 worth $75,667,000 after acquiring an additional 184,474 shares during the last quarter.

Shares of Sally Beauty stock opened at $16.43 on Thursday. The company has a market cap of $1.96 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 1.93 and a beta of 0.41. Sally Beauty has a 52 week low of $13.72 and a 52 week high of $23.61.

Sally Beauty (NYSE:SBH) last announced its earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $945.90 million for the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. Sally Beauty’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. On average, research analysts expect that Sally Beauty will post 2.19 EPS for the current year.

About Sally Beauty

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.

Featured Article: What is Blockchain?

Analyst Recommendations for Sally Beauty (NYSE:SBH)

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.