Published On: Thu, Sep 15th, 2016

Sally Beauty Holdings’ (SBH) Outperform Rating Reaffirmed at Oppenheimer Holdings Inc.

Sally Beauty Holdings Inc. (NYSE:SBH)‘s stock had its “outperform” rating reissued by equities researchers at Oppenheimer Holdings Inc. in a research note issued to investors on Thursday. They currently have a $35.00 price objective on the stock. Oppenheimer Holdings Inc.’s target price suggests a potential upside of 29.10% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. B. Riley reissued a “neutral” rating and set a $30.00 price target on shares of Sally Beauty Holdings in a research report on Sunday, August 14th. Piper Jaffray Cos. reissued a “neutral” rating and set a $28.00 price target (down from $30.00) on shares of Sally Beauty Holdings in a research report on Monday, August 8th. Robert W. Baird restated an “outperform” rating and set a $32.00 price objective (down from $34.00) on shares of Sally Beauty Holdings in a research note on Monday, August 8th. Finally, KeyCorp lowered their price objective on Sally Beauty Holdings from $36.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sally Beauty Holdings presently has an average rating of “Hold” and a consensus target price of $32.00.
Shares of Sally Beauty Holdings (NYSE:SBH) traded down 1.96% during trading on Thursday, reaching $26.58. 581,972 shares of the company’s stock traded hands. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.73 and a beta of 0.75. The company has a 50 day moving average price of $27.67 and a 200 day moving average price of $29.62. Sally Beauty Holdings has a 1-year low of $21.94 and a 1-year high of $32.93.

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Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The company had revenue of $998 million for the quarter, compared to analyst estimates of $1,000 million. During the same period in the prior year, the company posted $0.41 EPS. Sally Beauty Holdings’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Sally Beauty Holdings will post $1.71 EPS for the current fiscal year.
In related news, insider Mark Gregory Spinks sold 6,492 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $26.37, for a total transaction of $171,194.04. Following the completion of the transaction, the insider now owns 7,530 shares of the company’s stock, valued at $198,566.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.18% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SBH. Cowen Group Inc. boosted its position in shares of Sally Beauty Holdings by 11.1% in the second quarter. Cowen Group Inc. now owns 10,000 shares of the company’s stock valued at $294,000 after buying an additional 1,000 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Sally Beauty Holdings by 2.6% in the second quarter. Royal Bank of Canada now owns 113,563 shares of the company’s stock valued at $3,341,000 after buying an additional 2,880 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Sally Beauty Holdings by 11.2% in the second quarter. Public Employees Retirement System of Ohio now owns 204,464 shares of the company’s stock valued at $6,013,000 after buying an additional 20,621 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Sally Beauty Holdings by 5.4% in the second quarter. ST Germain D J Co. Inc. now owns 467,621 shares of the company’s stock valued at $13,753,000 after buying an additional 23,751 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its position in shares of Sally Beauty Holdings by 4,745.6% in the second quarter. Calvert Investment Management Inc. now owns 416,235 shares of the company’s stock valued at $12,241,000 after buying an additional 407,645 shares in the last quarter.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.

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