Sally Beauty (SBH) Lifted to Hold at ValuEngine

Sally Beauty (NYSE:SBH) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

SBH has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Sally Beauty from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Jefferies Financial Group downgraded shares of Sally Beauty from a “hold” rating to an “underperform” rating and increased their price target for the stock from $13.50 to $14.00 in a report on Wednesday, October 24th. DA Davidson increased their price target on shares of Sally Beauty to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 9th. Finally, Citigroup started coverage on shares of Sally Beauty in a report on Thursday, December 20th. They set an “underweight” rating on the stock. Seven equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Sell” and a consensus price target of $17.56.

NYSE:SBH opened at $17.79 on Monday. The firm has a market capitalization of $2.17 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.08 and a beta of 0.42. Sally Beauty has a 1-year low of $13.72 and a 1-year high of $23.61.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $989.45 million for the quarter, compared to analyst estimates of $992.83 million. Sally Beauty had a net margin of 6.12% and a negative return on equity of 96.26%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Research analysts forecast 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 on Thursday, February 14th. The shares were acquired at an average cost of $18.66 per share, with a total value of $50,382.00. Following the completion of the acquisition, the chief financial officer now directly owns 91,091 shares in the company, valued at approximately $1,699,758.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward W. Rabin acquired 4,500 shares of the firm’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the completion of the acquisition, the director now owns 19,732 shares of the company’s stock, valued at $348,269.80. The disclosure for this purchase can be found here. Corporate insiders own 1.04% of the company’s stock.

Large investors have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Sally Beauty in the fourth quarter worth about $83,000. Dupont Capital Management Corp purchased a new position in shares of Sally Beauty in the fourth quarter worth about $132,000. Advisor Group Inc. lifted its stake in shares of Sally Beauty by 188.2% in the fourth quarter. Advisor Group Inc. now owns 8,744 shares of the specialty retailer’s stock worth $149,000 after buying an additional 5,710 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Sally Beauty in the fourth quarter worth about $151,000. Finally, BlueMountain Capital Management LLC lifted its stake in shares of Sally Beauty by 42.3% in the third quarter. BlueMountain Capital Management LLC now owns 9,382 shares of the specialty retailer’s stock worth $173,000 after buying an additional 2,790 shares in 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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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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