Sally Beauty Holdings Inc. (NYSE:SBH) was down 2.5% on Thursday . The stock traded as low as $29.60 and last traded at $29.61, with a volume of 609,761 shares changing hands. The stock had previously closed at $30.36.

Several equities research analysts have weighed in on SBH shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a research note on Wednesday, June 22nd. KeyCorp reissued a “buy” rating on shares of Sally Beauty Holdings in a research report on Monday, June 20th. Robert W. Baird reissued a “buy” rating and set a $34.00 target price on shares of Sally Beauty Holdings in a research report on Friday, May 6th. Zacks Investment Research raised shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday. Finally, BB&T Corp. initiated coverage on shares of Sally Beauty Holdings in a research report on Wednesday, April 20th. They set a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.57.

The company has a market cap of $4.28 billion and a PE ratio of 20.37. The firm’s 50-day moving average price is $29.26 and its 200-day moving average price is $29.73.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, May 5th. The company reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company earned $980.10 million during the quarter, compared to analysts’ expectations of $965.18 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Sally Beauty Holdings Inc. will post $1.74 EPS for the current year.

In related news, Director Marshall E. Eisenberg sold 12,000 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $30.32, for a total value of $363,840.00. Following the completion of the transaction, the director now directly owns 60,000 shares in the company, valued at approximately $1,819,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Sally Beauty Holdings by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 606,631 shares of the company’s stock valued at $16,920,000 after buying an additional 9,568 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Sally Beauty Holdings during the fourth quarter worth $2,201,000. Monarch Partners Asset Management LLC purchased a new stake in Sally Beauty Holdings during the fourth quarter worth $6,806,000. Wells Fargo & Company MN raised its stake in Sally Beauty Holdings by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 589,551 shares of the company’s stock worth $16,444,000 after buying an additional 107,078 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Sally Beauty Holdings by 19.3% in the fourth quarter. Bank of Montreal Can now owns 104,956 shares of the company’s stock worth $2,928,000 after buying an additional 16,956 shares in the last quarter.

Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.

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