Sally Beauty Holdings, Inc. (SBH) Stock Rating Reaffirmed by Wells Fargo & Company

Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Wells Fargo & Company in a note issued to investors on Wednesday, August 9th. They currently have a $20.00 price objective on the specialty retailer’s stock, down from their prior price objective of $21.50. Wells Fargo & Company’s price target would indicate a potential upside of 11.54% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets set a $21.00 target price on shares of Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson reissued a “buy” rating and set a $23.00 price target on shares of Sally Beauty Holdings in a report on Monday, July 24th. Zacks Investment Research raised shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, July 18th. Finally, ValuEngine cut shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.70.

Sally Beauty Holdings (SBH) traded down 7.67% during mid-day trading on Wednesday, hitting $17.93. The stock had a trading volume of 5,114,403 shares. The firm has a 50-day moving average of $19.94 and a 200-day moving average of $20.18. The stock has a market cap of $2.38 billion, a P/E ratio of 10.95 and a beta of 0.65. Sally Beauty Holdings has a 52-week low of $17.26 and a 52-week high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The business had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, analysts forecast that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Sally Beauty Holdings, Inc. (SBH) Stock Rating Reaffirmed by Wells Fargo & Company” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/19/sally-beauty-holdings-inc-sbh-rating-reiterated-by-wells-fargo-company-updated.html.

In other Sally Beauty Holdings news, insider Robert R. Mcmaster bought 5,500 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average price of $18.03 per share, with a total value of $99,165.00. Following the purchase, the insider now owns 40,630 shares in the company, valued at approximately $732,558.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christian A. Brickman bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief executive officer now owns 143,043 shares in the company, valued at approximately $2,561,900.13. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 61,750 shares of company stock worth $1,111,060. 0.97% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its position in shares of Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock worth $103,000 after buying an additional 3,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sally Beauty Holdings by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after buying an additional 559 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock worth $120,000 after buying an additional 616 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock worth $152,000 after buying an additional 784 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares in the last quarter.

About Sally Beauty Holdings

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

What are top analysts saying about Sally Beauty Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sally Beauty Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit