Sally Beauty (NYSE:SBH) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
SBH has been the topic of several other research reports. Zacks Investment Research upgraded 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 price target 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 dropped their price target 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. Jefferies Financial Group lowered shares of Sally Beauty from a “hold” rating to an “underperform” rating and raised their price target for the company from $13.50 to $14.00 in a research note on Wednesday, October 24th. Finally, beau lowered shares of Sally Beauty from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Tuesday, July 17th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.36.
Shares of NYSE:SBH opened at $21.75 on Thursday. Sally Beauty has a 52 week low of $13.72 and a 52 week high of $23.61. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.64 and a beta of 0.19.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The company had revenue of $966.00 million for the quarter, compared to analyst estimates of $965.98 million. During the same quarter last year, the business earned $0.45 earnings per share. Sally Beauty’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Sally Beauty will post 2.12 EPS for the current fiscal year.
In related news, CEO Christian A. Brickman acquired 16,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $13.90 per share, for a total transaction of $222,400.00. Following the completion of the purchase, the chief executive officer now directly owns 278,664 shares of the company’s stock, valued at $3,873,429.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SBH. Itau Unibanco Holding S.A. acquired a new position in shares of Sally Beauty during the second quarter valued at approximately $103,000. BlueMountain Capital Management LLC acquired a new position in Sally Beauty in the second quarter worth approximately $106,000. Hartford Investment Management Co. acquired a new position in Sally Beauty in the second quarter worth approximately $197,000. Greenleaf Trust acquired a new position in Sally Beauty in the second quarter worth approximately $204,000. Finally, Fox Run Management L.L.C. acquired a new position in Sally Beauty in the third quarter worth approximately $234,000.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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