Sally Beauty Holdings Inc. (NYSE:SBH) was down 1.9% during mid-day trading on Thursday . The stock traded as low as $27.81 and last traded at $27.82, with a volume of 497,880 shares changing hands. The stock had previously closed at $28.35.

Several equities research analysts have issued reports on SBH shares. Zacks Investment Research raised shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, July 12th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Sally Beauty Holdings in a report on Wednesday, June 22nd. KeyCorp reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a report on Monday, June 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $34.00 target price on shares of Sally Beauty Holdings in a report on Friday, May 6th. Finally, Wells Fargo & Co. raised shares of Sally Beauty Holdings from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $23.00 to $31.00 in a report on Thursday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.08.

The stock’s 50-day moving average price is $28.50 and its 200-day moving average price is $29.92. The firm has a market cap of $3.97 billion and a P/E ratio of 18.14.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. During the same period in the prior year, the business posted $0.41 EPS. The firm had revenue of $998 million for the quarter, compared to analyst estimates of $1,000 million. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that Sally Beauty Holdings Inc. will post $1.71 earnings per share for the current year.

In related news, Director Marshall E. Eisenberg sold 12,000 shares of the business’s 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 owns 60,000 shares of the company’s stock, valued at $1,819,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Gregory Spinks sold 6,492 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were 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 directly owns 7,530 shares of the company’s stock, valued at approximately $198,566.10. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Sally Beauty Holdings stock. Wells Fargo & Company MN increased its position in shares of Sally Beauty Holdings Inc. (NYSE:SBH) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 589,551 shares of the company’s stock after buying an additional 107,078 shares during the period. Wells Fargo & Company MN owned about 0.40% of Sally Beauty Holdings worth $16,444,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.