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

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned an average recommendation of “Sell” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.79.

A number of research analysts recently weighed in on SBH shares. Zacks Investment Research lowered shares of Sally Beauty from a “hold” rating to a “sell” rating in a report on Monday, January 21st. ValuEngine raised shares of Sally Beauty from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co set a $18.00 target price on shares of Sally Beauty and gave the company a “hold” rating in a report on Tuesday, February 5th. Finally, Bank of America reissued an “underperform” rating and issued a $16.00 target price (down from $19.00) on shares of Sally Beauty in a report on Thursday, May 2nd.

Shares of Sally Beauty stock traded up $0.26 on Thursday, hitting $16.62. 954,871 shares of the company traded hands, compared to its average volume of 1,561,762. The stock has a market cap of $1.97 billion, a P/E ratio of 7.69, a PEG ratio of 1.94 and a beta of 0.41. Sally Beauty has a 52 week low of $13.72 and a 52 week high of $23.61.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data 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 company had revenue of $945.90 million for the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Sell-side analysts expect that Sally Beauty will post 2.19 earnings per share for the current fiscal year.

In other Sally Beauty news, CEO Christian A. Brickman bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $16.40 per share, with a total value of $164,000.00. Following the completion of the acquisition, the chief executive officer now owns 355,332 shares in the company, valued at approximately $5,827,444.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward W. Rabin acquired 5,500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $16.38 per share, with a total value of $90,090.00. Following the completion of the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at $323,210.16. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC boosted its stake in Sally Beauty by 118.1% during the first quarter. Advisory Services Network LLC now owns 1,684 shares of the specialty retailer’s stock worth $32,000 after buying an additional 912 shares during the period. BlueMountain Capital Management LLC purchased a new position in Sally Beauty during the first quarter worth $85,000. Maverick Capital Ltd. boosted its stake in Sally Beauty by 90.9% during the first quarter. Maverick Capital Ltd. now owns 901,570 shares of the specialty retailer’s stock worth $16,598,000 after buying an additional 429,316 shares during the period. Prospect Capital Advisors LLC purchased a new position in Sally Beauty during the first quarter worth $4,800,000. Finally, One Wealth Advisors LLC purchased a new position in Sally Beauty during the first quarter worth $70,000.

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.

See Also: FAANG Stocks

Analyst Recommendations for Sally Beauty (NYSE:SBH)

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.