Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Average Recommendation of “Hold” from Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

SBH has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Sally Beauty from $12.80 to $14.50 and gave the company a “hold” rating in a research note on Tuesday, October 28th. TD Cowen boosted their price objective on shares of Sally Beauty from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Zacks Research cut Sally Beauty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Canaccord Genuity Group boosted their price target on Sally Beauty from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, September 15th.

Sally Beauty Trading Down 0.7%

Sally Beauty stock opened at $14.19 on Friday. Sally Beauty has a 12 month low of $7.54 and a 12 month high of $16.82. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 7.63 and a beta of 1.34. The business’s fifty day simple moving average is $15.07 and its two-hundred day simple moving average is $11.63. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 1.16.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Sally Beauty had a return on equity of 28.11% and a net margin of 5.26%.The firm had revenue of $933.31 million during the quarter, compared to analyst estimates of $928.78 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Sally Beauty’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts predict that Sally Beauty will post 1.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Diana Sue Ferguson acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $12.02 per share, with a total value of $30,050.00. Following the completion of the acquisition, the director directly owned 7,912 shares of the company’s stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Denise Paulonis acquired 4,500 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average price of $11.74 per share, for a total transaction of $52,830.00. Following the transaction, the chief executive officer owned 366,865 shares of the company’s stock, valued at $4,306,995.10. This trade represents a 1.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 10,500 shares of company stock valued at $132,125. 1.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Sally Beauty

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Sally Beauty by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 12,974,982 shares of the specialty retailer’s stock valued at $117,164,000 after buying an additional 546,267 shares during the period. Victory Capital Management Inc. increased its position in Sally Beauty by 9.3% during the first quarter. Victory Capital Management Inc. now owns 4,013,531 shares of the specialty retailer’s stock valued at $36,242,000 after acquiring an additional 342,225 shares during the last quarter. LSV Asset Management lifted its holdings in Sally Beauty by 1.3% in the second quarter. LSV Asset Management now owns 3,125,321 shares of the specialty retailer’s stock valued at $28,940,000 after acquiring an additional 40,189 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Sally Beauty by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,868,855 shares of the specialty retailer’s stock worth $25,906,000 after purchasing an additional 263,269 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Sally Beauty by 1.4% in the second quarter. Geode Capital Management LLC now owns 2,555,955 shares of the specialty retailer’s stock worth $23,671,000 after purchasing an additional 34,328 shares during the last quarter.

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.