Sally Beauty Holdings, Inc. (NYSE:SBH) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Sally Beauty Holdings, Inc. has received a consensus rating of "Hold" from five brokerages, with one sell rating, two holds, and two buy ratings.
• The average price target for Sally Beauty's stock among analysts is $12.87, with recent target price increases by Canaccord Genuity to $15.00.
• CEO Denise Paulonis and Director Diana Sue Ferguson made significant stock purchases, showing confidence as they increased their respective holdings by 1.24% and 46.19%.

Sally Beauty Holdings, Inc. (NYSE:SBH - Get Free Report) has been assigned an average rating of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.8750.

A number of brokerages have issued reports on SBH. Canaccord Genuity Group boosted their target price on shares of Sally Beauty from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Activity

In other Sally Beauty news, CEO Denise Paulonis purchased 4,500 shares of the business's stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $11.74 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the chief executive officer directly owned 366,865 shares in the company, valued at approximately $4,306,995.10. This represents a 1.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Diana Sue Ferguson purchased 2,500 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $12.02 per share, with a total value of $30,050.00. Following the completion of the transaction, the director owned 7,912 shares of the company's stock, valued at approximately $95,102.24. This trade represents a 46.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.56% of the company's stock.

Institutional Trading of Sally Beauty

A number of institutional investors have recently modified their holdings of SBH. Wells Fargo & Company MN boosted its holdings in shares of Sally Beauty by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 86,371 shares of the specialty retailer's stock worth $903,000 after purchasing an additional 12,571 shares during the period. Federated Hermes Inc. lifted its holdings in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the period. Invesco Ltd. lifted its holdings in Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock worth $14,823,000 after buying an additional 716,613 shares during the period. Renaissance Technologies LLC purchased a new stake in Sally Beauty in the fourth quarter worth about $6,746,000. Finally, Sterling Capital Management LLC lifted its holdings in Sally Beauty by 10,619.0% in the fourth quarter. Sterling Capital Management LLC now owns 38,910 shares of the specialty retailer's stock worth $407,000 after buying an additional 38,547 shares during the period.

Sally Beauty Stock Up 0.8%

Shares of NYSE:SBH opened at $13.39 on Friday. The business has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $9.30. The company has a quick ratio of 0.49, a current ratio of 2.41 and a debt-to-equity ratio of 1.16. Sally Beauty has a 12-month low of $7.54 and a 12-month high of $14.79. The firm has a market cap of $1.32 billion, a P/E ratio of 7.20 and a beta of 1.30.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a net margin of 5.26% and a return on equity of 28.11%. The business had revenue of $933.31 million for the quarter, compared to analysts' expectations of $928.78 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts predict that Sally Beauty will post 1.81 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.