Sally Beauty (SBH) Price Target Cut to $15.00

Sally Beauty (NYSE:SBH) had its price objective reduced by Buckingham Research from $18.00 to $15.00 in a report issued on Tuesday. Buckingham Research currently has a neutral rating on the specialty retailer’s stock.

SBH has been the subject of a number of other research reports. Morgan Stanley cut Sally Beauty from an equal weight rating to an underweight rating in a report on Wednesday, November 8th. Zacks Investment Research cut Sally Beauty from a buy rating to a hold rating in a report on Saturday, October 21st. Robert W. Baird set a $24.00 price target on Sally Beauty and gave the stock a buy rating in a report on Tuesday, November 14th. KeyCorp reiterated a hold rating on shares of Sally Beauty in a report on Friday, November 24th. Finally, ValuEngine cut Sally Beauty from a buy rating to a hold rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $18.36.

Sally Beauty (NYSE:SBH) opened at $16.61 on Tuesday. Sally Beauty has a 1-year low of $14.05 and a 1-year high of $23.84. The company has a current ratio of 2.04, a quick ratio of 0.42 and a debt-to-equity ratio of -4.87. The company has a market capitalization of $1,958.64, a PE ratio of 10.72, a P/E/G ratio of 1.47 and a beta of 0.42.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.26. Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The business had revenue of $994.96 million during the quarter, compared to analysts’ expectations of $990.18 million. During the same quarter last year, the company posted $0.39 earnings per share. Sally Beauty’s quarterly revenue was down .5% on a year-over-year basis. analysts forecast that Sally Beauty will post 1.99 EPS for the current fiscal year.

In other news, Director Edward W. Rabin acquired 3,750 shares of Sally Beauty stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the acquisition, the director now directly owns 14,351 shares in the company, valued at approximately $222,296.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. Flinton Capital Management LLC raised its position in shares of Sally Beauty by 86.8% in the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 3,696 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $185,000. GSA Capital Partners LLP acquired a new stake in shares of Sally Beauty in the third quarter valued at approximately $197,000. Invictus RG acquired a new stake in shares of Sally Beauty in the third quarter valued at approximately $202,000. Finally, M&T Bank Corp raised its position in shares of Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 65 shares in the last quarter.

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Sally Beauty Company Profile

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 (NYSE:SBH)

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