Sally Beauty Holdings, Inc. (NYSE:SBH) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.75.
A number of analysts have issued reports on SBH shares. Jefferies Financial Group raised Sally Beauty from an “underperform” rating to a “hold” rating and lowered their target price for the company from $14.00 to $12.00 in a report on Friday, July 12th. They noted that the move was a valuation call. DA Davidson lowered their target price on Sally Beauty to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, ValuEngine raised Sally Beauty from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 15th.
In other Sally Beauty news, Director Marshall E. Eisenberg bought 10,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $11.89 per share, with a total value of $118,900.00. Following the acquisition, the director now directly owns 72,071 shares of the company’s stock, valued at approximately $856,924.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Miller bought 40,500 shares of the stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $12.21 per share, for a total transaction of $494,505.00. Following the acquisition, the director now directly owns 51,873 shares in the company, valued at $633,369.33. The disclosure for this purchase can be found here. Insiders acquired a total of 51,500 shares of company stock worth $625,675 in the last ninety days. Insiders own 1.04% of the company’s stock.
Several large investors have recently made changes to their positions in SBH. First Trust Advisors LP grew its holdings in shares of Sally Beauty by 20.0% during the 1st quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer’s stock worth $1,412,000 after purchasing an additional 12,797 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Sally Beauty by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 125,851 shares of the specialty retailer’s stock worth $1,679,000 after purchasing an additional 1,085 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Sally Beauty by 15.4% during the 2nd quarter. Diversified Trust Co now owns 29,140 shares of the specialty retailer’s stock worth $389,000 after purchasing an additional 3,895 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Sally Beauty by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock worth $650,000 after purchasing an additional 989 shares in the last quarter. Finally, CWM Advisors LLC acquired a new stake in shares of Sally Beauty during the 2nd quarter worth approximately $153,000.
Shares of SBH stock opened at $16.64 on Thursday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 2.46 and a beta of 0.46. The stock’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $14.51. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61.
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.
Featured Story: Initial Coin Offerings entail a high degree of risk
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.