Sally Beauty (NYSE:SBH) received a $18.00 target price from research analysts at Wells Fargo & Co in a research report issued on Tuesday, February 5th. The firm presently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Co‘s target price would suggest a potential upside of 1.18% from the stock’s current price.
Several other research firms have also weighed in on SBH. Zacks Investment Research lowered Sally Beauty from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. DA Davidson upped their price target on Sally Beauty to $19.00 and gave the stock a “neutral” rating in a research note on Friday, November 9th. ValuEngine downgraded Sally Beauty from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Finally, Jefferies Financial Group set a $15.00 price objective on Sally Beauty and gave the stock a “sell” rating in a research report on Friday, November 9th. Seven research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Sally Beauty presently has a consensus rating of “Sell” and an average price target of $17.56.
SBH stock traded down $0.28 during midday trading on Tuesday, hitting $17.79. 1,237,104 shares of the company’s stock were exchanged, compared to its average volume of 1,740,428. Sally Beauty has a 12-month low of $13.72 and a 12-month high of $23.61. The company has a market capitalization of $2.17 billion, a PE ratio of 8.24, a P/E/G ratio of 2.08 and a beta of 0.42.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $989.45 million during the quarter, compared to analyst estimates of $992.83 million. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities research analysts anticipate that Sally Beauty will post 2.22 EPS for the current fiscal year.
In related news, CFO Aaron E. Alt acquired 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was acquired at an average cost of $18.66 per share, for a total transaction of $50,382.00. Following the completion of the acquisition, the chief financial officer now directly owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward W. Rabin purchased 4,500 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were purchased at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the transaction, the director now directly owns 19,732 shares of the company’s stock, valued at approximately $348,269.80. The disclosure for this purchase can be found here. 1.04% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of Sally Beauty by 16.9% during the 4th quarter. Amalgamated Bank now owns 17,764 shares of the specialty retailer’s stock worth $303,000 after purchasing an additional 2,566 shares during the last quarter. HRT Financial LLC bought a new stake in Sally Beauty in the 4th quarter worth approximately $264,000. Millennium Management LLC grew its position in Sally Beauty by 116.1% in the 4th quarter. Millennium Management LLC now owns 484,007 shares of the specialty retailer’s stock worth $8,252,000 after purchasing an additional 260,042 shares during the period. Legal & General Group Plc grew its position in Sally Beauty by 3.6% in the 4th quarter. Legal & General Group Plc now owns 187,719 shares of the specialty retailer’s stock worth $3,200,000 after purchasing an additional 6,515 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Sally Beauty by 3.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 30,507 shares of the specialty retailer’s stock worth $520,000 after acquiring an additional 1,060 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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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