Sally Beauty Holdings Inc. (SBH) Shares Up 1.1%
Sally Beauty Holdings Inc. (NYSE:SBH) shot up 1.1% on Wednesday . The stock traded as high as $27.34 and last traded at $27.27, with a volume of 371,620 shares trading hands. The stock had previously closed at $26.97.
Several research firms have weighed in on SBH. B. Riley restated a “neutral” rating and issued a $31.00 price objective on shares of Sally Beauty Holdings in a research report on Friday, May 6th. Robert W. Baird restated a “buy” rating and issued a $34.00 price objective on shares of Sally Beauty Holdings in a research report on Friday, May 6th. Zacks Investment Research cut shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Wells Fargo & Co. upgraded shares of Sally Beauty Holdings from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $23.00 to $31.00 in a research report on Thursday, June 2nd. Finally, Oppenheimer Holdings Inc. began coverage on shares of Sally Beauty Holdings in a research report on Saturday, May 14th. They issued a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sally Beauty Holdings has an average rating of “Hold” and a consensus target price of $32.08.
The firm has a 50-day moving average of $28.20 and a 200-day moving average of $29.86. The stock has a market cap of $4.00 billion and a price-to-earnings ratio of 18.29.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 company earned $0.41 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Sally Beauty Holdings Inc. will post $1.71 earnings per share for the current fiscal year.
In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was 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 owns 7,530 shares of the company’s stock, valued at $198,566.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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.