Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Sally Beauty from a hold rating to a buy rating and set a $20.00 target price on the stock in a research note on Tuesday, April 16th. Wells Fargo & Co set a $18.00 price objective on shares of Sally Beauty and gave the stock a hold rating in a research note on Tuesday, February 5th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Sally Beauty currently has an average rating of Hold and a consensus price target of $17.22.
Shares of NYSE SBH traded up $0.29 during mid-day trading on Wednesday, hitting $16.22. The company’s stock had a trading volume of 152,623 shares, compared to its average volume of 1,157,458. The firm has a market capitalization of $2.13 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.41. Sally Beauty has a one year low of $13.72 and a one year high of $23.61.
Sally Beauty (NYSE:SBH) last issued its earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $945.90 million during the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a net margin of 6.12% and a negative return on equity of 96.26%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. As a group, equities research analysts expect that Sally Beauty will post 2.23 EPS for the current year.
In related news, CFO Aaron E. Alt bought 2,700 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were purchased at an average cost of $18.66 per share, for a total transaction of $50,382.00. Following the acquisition, the chief financial officer now owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward W. Rabin bought 4,500 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were bought at an average price of $17.65 per share, for a total transaction of $79,425.00. Following the completion of the acquisition, the director now directly owns 19,732 shares in the company, valued at approximately $348,269.80. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SBH. Oppenheimer Asset Management Inc. raised its holdings in shares of Sally Beauty by 5.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,191 shares of the specialty retailer’s stock valued at $242,000 after purchasing an additional 671 shares during the last quarter. Coatue Management LLC raised its holdings in shares of Sally Beauty by 4.1% in the fourth quarter. Coatue Management LLC now owns 17,761 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 693 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Sally Beauty by 1.1% in the fourth quarter. Arizona State Retirement System now owns 86,233 shares of the specialty retailer’s stock valued at $1,470,000 after purchasing an additional 927 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sally Beauty by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 24,351 shares of the specialty retailer’s stock valued at $415,000 after purchasing an additional 949 shares during the last quarter. Finally, Cardinal Capital Management raised its holdings in shares of Sally Beauty by 2.7% in the first quarter. Cardinal Capital Management now owns 35,918 shares of the specialty retailer’s stock valued at $661,000 after purchasing an additional 958 shares during the last quarter.
Sally Beauty Company Profile
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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