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.
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.
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