Sally Beauty (NYSE:SBH) had its price objective lowered by stock analysts at DA Davidson to $16.50 in a report issued on Tuesday, May 7th, The Fly reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. DA Davidson’s price target suggests a potential upside of 7.21% from the stock’s previous close. DA Davidson also issued estimates for Sally Beauty’s Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.24 EPS.
SBH has been the topic of a number of other research reports. Wells Fargo & Co set a $18.00 price target on Sally Beauty and gave the stock a “hold” rating in a report on Tuesday, February 5th. Zacks Investment Research cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, BMO Capital Markets upgraded Sally Beauty to a “market perform” rating and set a $17.00 target price on the stock in a report on Friday, May 3rd. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Sally Beauty currently has an average rating of “Sell” and a consensus target price of $16.31.
Shares of NYSE:SBH traded down $0.40 on Tuesday, hitting $15.39. 1,668,664 shares of the company’s stock were exchanged, compared to its average volume of 1,792,825. The stock has a market cap of $1.94 billion, a P/E ratio of 7.13, a P/E/G ratio of 1.91 and a beta of 0.41. Sally Beauty has a 1-year low of $13.72 and a 1-year high of $23.61.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $945.90 million for the quarter, compared to analysts’ expectations of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, research analysts forecast that Sally Beauty will post 2.19 EPS for the current fiscal year.
In related news, Director Edward W. Rabin acquired 5,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $16.38 per share, with a total value of $90,090.00. Following the completion of the transaction, the director now directly owns 19,732 shares of the company’s stock, valued at approximately $323,210.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christian A. Brickman bought 10,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $16.40 per share, for a total transaction of $164,000.00. Following the completion of the transaction, the chief executive officer now owns 355,332 shares of the company’s stock, valued at approximately $5,827,444.80. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.
A number of large investors have recently bought and sold shares of SBH. Truvestments Capital LLC acquired a new position in Sally Beauty in the first quarter valued at approximately $28,000. Advisory Services Network LLC raised its holdings in shares of Sally Beauty by 118.1% during the first quarter. Advisory Services Network LLC now owns 1,684 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 912 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Sally Beauty during the first quarter valued at approximately $38,000. Royce & Associates LP raised its holdings in shares of Sally Beauty by 40.6% during the first quarter. Royce & Associates LP now owns 2,510 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 725 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Sally Beauty by 1,585.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 766,117 shares during the last quarter.
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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