Sally Beauty Holdings Inc. (SBH) Trading Up 2.2%
Shares of Sally Beauty Holdings Inc. (NYSE:SBH) were up 2.2% during trading on Friday . The stock traded as high as $28.04 and last traded at $28.00, with a volume of 659,428 shares changing hands. The stock had previously closed at $27.41.
Several analysts have recently commented on SBH shares. B. Riley reiterated a “neutral” rating and issued a $31.00 target price on shares of Sally Beauty Holdings in a report on Friday, May 6th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 target price on shares of Sally Beauty Holdings in a report on Friday, May 6th. Zacks Investment Research downgraded shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. Oppenheimer Holdings Inc. reiterated a “top pick” rating and issued a $36.00 target price on shares of Sally Beauty Holdings in a report on Friday, May 13th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $30.00 price target (down previously from $31.00) on shares of Sally Beauty Holdings in a research report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.08.
The company’s 50-day moving average price is $28.67 and its 200-day moving average price is $29.96. The stock has a market capitalization of $4.07 billion and a P/E ratio of 18.63.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company earned $998 million during the quarter, compared to analysts’ expectations of $1,000 million. During the same period in the prior year, the firm earned $0.41 EPS. Sally Beauty Holdings’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that Sally Beauty Holdings Inc. will post $1.71 EPS for the current fiscal year.
In other news, insider Mark Gregory Spinks sold 6,492 shares of Sally Beauty Holdings stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $26.37, for a total value of $171,194.04. Following the completion of the transaction, the insider now owns 7,530 shares of the company’s stock, valued at approximately $198,566.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Marshall E. Eisenberg sold 12,000 shares of Sally Beauty Holdings stock in a transaction dated Thursday, June 2nd. The stock was 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 of the company’s stock, valued at approximately $1,819,200. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Sally Beauty Holdings stock. Wells Fargo & Company MN raised its stake in shares of Sally Beauty Holdings Inc. (NYSE:SBH) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 589,551 shares of the company’s stock after buying an additional 107,078 shares during the period. Wells Fargo & Company MN owned approximately 0.40% of Sally Beauty Holdings worth $16,444,000 as of its most recent filing with the SEC.
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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