Analysts Set Sally Beauty Holdings, Inc. (NYSE:SBH) Price Target at $13.50

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.50.

Several equities analysts have recently commented on the company. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley boosted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Finally, DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th.

Insider Buying and Selling

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SBH. JPMorgan Chase & Co. lifted its holdings in shares of Sally Beauty by 306.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after acquiring an additional 257,510 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sally Beauty by 3.8% in the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock worth $7,190,000 after purchasing an additional 19,153 shares during the last quarter. DGS Capital Management LLC boosted its position in shares of Sally Beauty by 6.0% during the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 2,575 shares during the period. Franklin Resources Inc. grew its stake in shares of Sally Beauty by 5.4% during the third quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after buying an additional 5,296 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares during the period.

Sally Beauty Trading Up 4.0 %

Sally Beauty stock opened at $11.18 on Friday. Sally Beauty has a 12-month low of $9.06 and a 12-month high of $14.79. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.76 and a beta of 1.56. The firm has a 50 day moving average of $12.44 and a 200 day moving average of $12.20. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the prior year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts predict that Sally Beauty will post 1.85 earnings per share for the current year.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.