Sally Beauty Holdings Inc. (SBH) Trading 1.1% Higher
Sally Beauty Holdings Inc. (NYSE:SBH)’s share price rose 1.1% on Wednesday . The company traded as high as $27.34 and last traded at $27.27, with a volume of 371,620 shares. The stock had previously closed at $26.97.
SBH has been the subject of a number of research analyst reports. 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 note on Tuesday, July 12th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a research note on Wednesday, June 22nd. KeyCorp reaffirmed a “buy” rating on shares of Sally Beauty Holdings in a research note 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 research note 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 research note on Thursday, June 2nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.08.
The stock has a market cap of $3.97 billion and a P/E ratio of 18.16. The stock’s 50 day moving average price is $28.34 and its 200 day moving average price is $29.88.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $998 million for the quarter, compared to the consensus estimate of $1,000 million. During the same period in the prior year, the business earned $0.41 EPS. Sally Beauty Holdings’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that Sally Beauty Holdings Inc. will post $1.71 earnings per share for the current 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 shares were sold at an average price of $26.37, for a total transaction of $171,194.04. Following the completion of the transaction, the insider now directly owns 7,530 shares in the company, valued at $198,566.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marshall E. Eisenberg sold 12,000 shares of Sally Beauty Holdings stock in a transaction dated Thursday, June 2nd. The shares were 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 of the company’s stock, valued at $1,819,200. The disclosure for this sale can be found here.
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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