Sally Beauty (NYSE:SBH) was upgraded by investment analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat.com reports. The firm currently has a $12.00 price target on the specialty retailer’s stock, down from their prior price target of $14.00. Jefferies Financial Group’s price objective suggests a potential downside of 0.17% from the stock’s current price. Jefferies Financial Group also issued estimates for Sally Beauty’s Q3 2019 earnings at $0.53 EPS, FY2019 earnings at $2.12 EPS, Q1 2020 earnings at $0.49 EPS, Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.48 EPS and FY2020 earnings at $1.92 EPS. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Bank of America restated an “underperform” rating and set a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a research report on Tuesday, June 25th. DA Davidson began coverage on WillScot in a research report on Tuesday, June 25th. They set a “buy” rating and a $19.00 target price on the stock. Wells Fargo & Co restated a “buy” rating on shares of Allergan in a research report on Tuesday, June 25th. Finally, BMO Capital Markets set a $66.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Sally Beauty has an average rating of “Hold” and an average price target of $15.56.
Shares of SBH stock opened at $12.02 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42. The stock has a fifty day moving average price of $14.14. Sally Beauty has a 1 year low of $11.46 and a 1 year 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 for the quarter, missing the Zacks’ 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 business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Equities research analysts forecast that Sally Beauty will post 2.19 EPS for the current year.
In other news, Director Edward W. Rabin acquired 5,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $16.38 per share, for a total transaction of $90,090.00. Following the acquisition, the director now owns 19,732 shares in the company, valued at approximately $323,210.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christian A. Brickman bought 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $16.40 per share, for a total transaction of $164,000.00. Following the completion of the purchase, the chief executive officer now directly owns 355,332 shares in the company, valued at $5,827,444.80. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 22,000 shares of company stock worth $351,135. 1.04% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBH. Norges Bank purchased a new position in Sally Beauty in the 4th quarter worth approximately $23,087,000. D. E. Shaw & Co. Inc. lifted its stake in Sally Beauty by 72.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock worth $45,749,000 after purchasing an additional 1,130,288 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Sally Beauty by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock worth $155,466,000 after purchasing an additional 976,690 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Sally Beauty by 2,747.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock worth $15,966,000 after purchasing an additional 836,591 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Sally Beauty by 968.7% in the 4th quarter. Squarepoint Ops LLC now owns 464,976 shares of the specialty retailer’s stock worth $7,928,000 after purchasing an additional 421,466 shares in 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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