Sally Beauty Holdings, Inc. (SBH) Receives Consensus Recommendation of “Sell” from Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have received an average rating of “Sell” from the thirteen research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.50.

Several research analysts have commented on SBH shares. Zacks Investment Research downgraded shares of Sally Beauty from a “buy” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine downgraded shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday, December 21st. Jefferies Financial Group downgraded shares of Sally Beauty from a “hold” rating to an “underperform” rating and boosted their price objective for the company from $13.50 to $14.00 in a research report on Wednesday, October 24th. Finally, DA Davidson boosted their price objective on shares of Sally Beauty to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 9th.

Shares of NYSE SBH traded down $0.06 during midday trading on Friday, reaching $17.43. The company’s stock had a trading volume of 63,118 shares, compared to its average volume of 2,188,884. Sally Beauty has a fifty-two week low of $13.72 and a fifty-two week high of $23.61. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.09 and a beta of 0.46.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $965.98 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Research analysts predict that Sally Beauty will post 2.21 earnings per share for the current year.

In related news, CFO Aaron E. Alt bought 2,400 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $20.75 per share, with a total value of $49,800.00. Following the completion of the purchase, the chief financial officer now owns 88,391 shares in the company, valued at approximately $1,834,113.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Scott C. Sherman sold 3,100 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $21.72, for a total transaction of $67,332.00. Following the sale, the senior vice president now directly owns 13,312 shares in the company, valued at approximately $289,136.64. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SBH. BlackRock Inc. grew its stake in shares of Sally Beauty by 29.5% during the second quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock worth $226,051,000 after buying an additional 3,215,986 shares during the last quarter. FMR LLC grew its stake in shares of Sally Beauty by 17.9% during the second quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after buying an additional 2,287,521 shares during the last quarter. Northern Trust Corp grew its stake in shares of Sally Beauty by 65.1% during the second quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after buying an additional 783,382 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Sally Beauty by 46.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 770,803 shares of the specialty retailer’s stock worth $12,356,000 after buying an additional 245,096 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of Sally Beauty during the third quarter worth $4,033,000.

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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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