Sally Beauty (SBH) PT Set at $15.00 by Jefferies Financial Group

Jefferies Financial Group set a $15.00 target price on Sally Beauty (NYSE:SBH) in a research report released on Friday morning. The brokerage currently has a sell rating on the specialty retailer’s stock. Jefferies Financial Group also issued estimates for Sally Beauty’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $2.22 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $2.02 EPS.

SBH has been the subject of several other reports. Zacks Investment Research upgraded Sally Beauty from a strong sell rating to a hold rating in a research report on Wednesday, October 3rd. Bank of America boosted their target price on Sally Beauty from $14.00 to $16.00 and gave the stock a sell rating in a research report on Thursday, October 4th. Morgan Stanley decreased their target price on Sally Beauty from $13.50 to $13.00 and set an underweight rating for the company in a research report on Monday, August 6th. ValuEngine upgraded Sally Beauty from a sell rating to a hold rating in a research report on Thursday. Finally, beau lowered Sally Beauty from a neutral rating to an underperform rating and decreased their target price for the stock from $17.00 to $15.00 in a research report 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 has a consensus rating of Hold and a consensus target price of $16.36.

NYSE:SBH traded down $0.84 on Friday, hitting $21.75. 5,282,284 shares of the stock were exchanged, compared to its average volume of 2,065,103. The stock has a market capitalization of $2.26 billion, a P/E ratio of 9.26, a P/E/G ratio of 1.64 and a beta of 0.19. Sally Beauty has a 52 week low of $13.72 and a 52 week high of $23.61.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $965.98 million. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Sell-side analysts expect that Sally Beauty will post 2.12 EPS for the current fiscal year.

In other Sally Beauty news, CEO Christian A. Brickman acquired 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the transaction, the chief executive officer now owns 278,664 shares of the company’s stock, valued at $3,873,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of SBH. BlackRock Inc. grew its position in shares of Sally Beauty by 29.5% in the 2nd quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock valued at $226,051,000 after purchasing an additional 3,215,986 shares during the period. FMR LLC boosted its position in Sally Beauty by 17.9% during the 2nd quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after acquiring an additional 2,287,521 shares during the last quarter. United Services Automobile Association boosted its position in Sally Beauty by 273.7% during the 2nd quarter. United Services Automobile Association now owns 1,097,402 shares of the specialty retailer’s stock worth $214,103,000 after acquiring an additional 803,742 shares during the last quarter. Northern Trust Corp boosted its position in Sally Beauty by 65.1% during the 2nd quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after acquiring an additional 783,382 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Sally Beauty by 1,779.6% during the 2nd quarter. SG Americas Securities LLC now owns 580,037 shares of the specialty retailer’s stock worth $9,298,000 after acquiring an additional 549,178 shares during the last quarter.

About Sally Beauty

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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