Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $13.50 Consensus Target Price from Analysts

Sally Beauty Holdings, Inc. (NYSE:SBH) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.50.

Several equities research analysts have weighed in on SBH shares. Morgan Stanley upped their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Sally Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Sally Beauty by 306.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after purchasing an additional 257,510 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sally Beauty by 3.8% during the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock worth $7,190,000 after buying an additional 19,153 shares during the period. DGS Capital Management LLC grew its holdings in shares of Sally Beauty by 6.0% during the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 2,575 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after acquiring an additional 5,296 shares during the period. Finally, Geode Capital Management LLC raised its stake in Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after acquiring an additional 43,016 shares during the last quarter.

Sally Beauty Trading Up 4.0 %

Shares of SBH opened at $11.18 on Friday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.76 and a beta of 1.56. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty has a 1-year low of $9.06 and a 1-year high of $14.79. The company has a 50-day moving average of $12.44 and a 200 day moving average of $12.20.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. On average, research analysts expect that Sally Beauty will post 1.85 EPS for the current year.

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