Sally Beauty Holdings Inc. (SBH) Shares Down 1.9%
Shares of Sally Beauty Holdings Inc. (NYSE:SBH) traded 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 analysts have recently issued reports on the company. B. Riley restated a “neutral” rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a research report on Tuesday, August 9th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 target price on shares of Sally Beauty Holdings in a research note on Friday, May 6th. Oppenheimer Holdings Inc. started coverage on Sally Beauty Holdings in a research note on Saturday, May 14th. They issued a “buy” rating for the company. Wells Fargo & Co. upgraded Sally Beauty Holdings from an “underperform” rating to a “market perform” rating and upped their target price for the company from $23.00 to $31.00 in a research note on Thursday, June 2nd. Finally, Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.08.
The stock’s 50 day moving average price is $28.57 and its 200-day moving average price is $29.94. The company has a market capitalization of $4.05 billion and a price-to-earnings ratio of 18.54.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings data 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 the consensus estimate of $1,000 million. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Equities research analysts expect that Sally Beauty Holdings Inc. will post $1.71 EPS for the current year.
In other news, Director Marshall E. Eisenberg sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $30.32, for a total transaction of $363,840.00. Following the completion of the sale, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $1,819,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Gregory Spinks sold 6,492 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $26.37, for a total value of $171,194.04. Following the sale, the insider now directly owns 7,530 shares of the company’s stock, valued at $198,566.10. 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 increased its stake in 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 (SEC). 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 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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