Sally Beauty Holdings, Inc. (SBH) PT Set at $21.00 by BMO Capital Markets
BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings, Inc. (NYSE:SBH) in a research note issued to investors on Saturday morning. The firm currently has a hold rating on the specialty retailer’s stock.
A number of other brokerages have also recently issued reports on SBH. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the stock a buy rating in a report on Saturday, May 6th. DA Davidson reaffirmed a buy rating and issued a $23.00 target price on shares of Sally Beauty Holdings in a report on Monday, July 24th. Zacks Investment Research raised Sally Beauty Holdings from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Tuesday, July 18th. ValuEngine cut Sally Beauty Holdings from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC began coverage on Sally Beauty Holdings in a report on Friday, June 2nd. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $25.22.
Shares of Sally Beauty Holdings (NYSE:SBH) opened at 21.09 on Friday. Sally Beauty Holdings has a one year low of $17.26 and a one year high of $30.17. The stock’s 50 day moving average price is $19.82 and its 200 day moving average price is $20.55. The company has a market cap of $2.92 billion, a PE ratio of 13.08 and a beta of 0.65.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. Sally Beauty Holdings’s revenue was up .0% on a year-over-year basis. Equities analysts predict that Sally Beauty Holdings will post $1.82 earnings per share for the current fiscal year.
In related news, insider Robert R. Mcmaster purchased 5,500 shares of Sally Beauty Holdings stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the transaction, the insider now owns 40,630 shares of the company’s stock, valued at approximately $732,558.90. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John A. Miller purchased 20,000 shares of Sally Beauty Holdings stock in a transaction on Friday, June 2nd. The stock was bought at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $730,366.70. The disclosure for this purchase can be found here. Insiders acquired a total of 51,750 shares of company stock worth $932,060 in the last quarter. Corporate insiders own 0.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock worth $233,521,000 after buying an additional 11,339,645 shares during the period. Vanguard Group Inc. raised its stake in Sally Beauty Holdings by 4.6% in the first quarter. Vanguard Group Inc. now owns 11,330,251 shares of the specialty retailer’s stock worth $231,591,000 after buying an additional 501,039 shares during the period. Nordea Investment Management AB raised its stake in Sally Beauty Holdings by 79.9% in the first quarter. Nordea Investment Management AB now owns 4,856,164 shares of the specialty retailer’s stock worth $99,260,000 after buying an additional 2,156,191 shares during the period. State Street Corp raised its stake in Sally Beauty Holdings by 2.7% in the first quarter. State Street Corp now owns 4,024,561 shares of the specialty retailer’s stock worth $82,261,000 after buying an additional 105,076 shares during the period. Finally, Champlain Investment Partners LLC raised its stake in Sally Beauty Holdings by 19.1% in the first quarter. Champlain Investment Partners LLC now owns 3,353,710 shares of the specialty retailer’s stock worth $68,550,000 after buying an additional 538,740 shares during the period.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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