Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “hold” rating reissued by analysts at Oppenheimer Holdings, Inc. in a research report issued on Wednesday.

SBH has been the subject of a number of other reports. DA Davidson started coverage on Sally Beauty Holdings in a research report on Thursday, July 6th. They set a “neutral” rating and a $23.00 price objective for the company. BidaskClub cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC started coverage on Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.50.

Sally Beauty Holdings (NYSE SBH) opened at 20.17 on Wednesday. Sally Beauty Holdings has a 12 month low of $17.26 and a 12 month high of $30.17. The company’s 50-day moving average price is $19.57 and its 200 day moving average price is $19.67. The stock has a market capitalization of $2.67 billion, a PE ratio of 12.32 and a beta of 0.66.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share 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 period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that Sally Beauty Holdings will post $1.82 earnings per share for the current fiscal year.

Sally Beauty Holdings declared that its board has authorized a stock repurchase plan on Thursday, August 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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In other news, CEO Christian A. Brickman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $17.54 per share, with a total value of $350,800.00. Following the purchase, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at approximately $3,201,804.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward W. Rabin acquired 4,250 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $18.06 per share, with a total value of $76,755.00. Following the completion of the purchase, the director now directly owns 16,653 shares in the company, valued at $300,753.18. The disclosure for this purchase can be found here. Insiders purchased a total of 34,250 shares of company stock valued at $606,555 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Sally Beauty Holdings by 227.6% in the 2nd quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 3,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sally Beauty Holdings by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 559 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Sally Beauty Holdings by 11.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 616 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in Sally Beauty Holdings by 11.8% in the 1st quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 784 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Sally Beauty Holdings by 37.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after purchasing an additional 2,125 shares in the last quarter.

Sally Beauty Holdings Company Profile

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.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

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