Sally Beauty Holdings Inc. (NYSE:SBH) was up 2.2% during trading on Friday . The company traded as high as $28.04 and last traded at $28.00, with a volume of 659,428 shares trading hands. The stock had previously closed at $27.41.

A number of brokerages recently weighed in on SBH. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a research note on Wednesday, June 22nd. Zacks Investment Research lowered shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Wells Fargo & Co. raised shares of Sally Beauty Holdings from an “underperform” rating to a “market perform” rating and raised their price target for the company from $23.00 to $31.00 in a research note on Thursday, June 2nd. KeyCorp decreased their price target on shares of Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $28.00 price target (down from $30.00) on shares of Sally Beauty Holdings in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.08.

The stock has a market cap of $4.07 billion and a PE ratio of 18.63. The company’s 50 day moving average is $28.67 and its 200-day moving average is $29.96.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $998 million for the quarter, compared to analyst estimates of $1,000 million. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities research analysts forecast that Sally Beauty Holdings Inc. will post $1.71 earnings per share for the current year.

In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $26.37, for a total transaction of $171,194.04. Following the transaction, the insider now directly owns 7,530 shares in the company, valued at $198,566.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marshall E. Eisenberg sold 12,000 shares of the company’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $30.32, for a total transaction of $363,840.00. Following the transaction, the director now owns 60,000 shares in the company, valued at $1,819,200. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of SBH. Nicholas Co. Inc. WI raised its position in shares of Sally Beauty Holdings by 49.8% in the fourth quarter. Nicholas Co. Inc. WI now owns 1,248,971 shares of the company’s stock valued at $34,833,000 after buying an additional 415,130 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Sally Beauty Holdings by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 589,551 shares of the company’s stock valued at $16,444,000 after buying an additional 107,078 shares during the last quarter. Bank of Montreal Can raised its position in shares of Sally Beauty Holdings by 19.3% in the fourth quarter. Bank of Montreal Can now owns 104,956 shares of the company’s stock valued at $2,928,000 after buying an additional 16,956 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Sally Beauty Holdings during the fourth quarter valued at $2,201,000.

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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