ValuEngine Upgrades Sally Beauty (SBH) to “Hold”

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Sally Beauty (NYSE:SBH) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Sally Beauty from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Jefferies Financial Group set a $14.00 price target on Sally Beauty and gave the company a “hold” rating in a report on Thursday, August 2nd. BMO Capital Markets lowered their price target on Sally Beauty from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 6th. beau downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $15.00 in a report on Tuesday, July 17th. Finally, Morgan Stanley lowered their price target on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, August 6th. Four analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.36.

SBH stock opened at $21.75 on Thursday. The firm has a market cap of $2.26 billion, a PE ratio of 9.26, a PEG ratio of 1.64 and a beta of 0.19. 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 Thursday, November 8th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $966.00 million during the quarter, compared to the consensus estimate of $965.98 million. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Research analysts predict that Sally Beauty will post 2.12 earnings per share for the current year.

In related news, CEO Christian A. Brickman purchased 16,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the acquisition, the chief executive officer now owns 278,664 shares in the company, valued at $3,873,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of SBH. FMR LLC lifted its position in shares of Sally Beauty by 9.8% during the third quarter. FMR LLC now owns 16,553,796 shares of the specialty retailer’s stock worth $304,424,000 after purchasing an additional 1,478,733 shares during the last quarter. BlackRock Inc. lifted its position 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 purchasing an additional 3,215,986 shares during the last quarter. LSV Asset Management lifted its position in shares of Sally Beauty by 2.2% during the third quarter. LSV Asset Management now owns 2,983,145 shares of the specialty retailer’s stock worth $54,860,000 after purchasing an additional 64,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sally Beauty by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,410,135 shares of the specialty retailer’s stock worth $38,636,000 after purchasing an additional 73,866 shares during the last quarter. Finally, Northern Trust Corp lifted its position 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 purchasing an additional 783,382 shares during the last quarter.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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