Sally Beauty Holdings’ (SBH) Hold Rating Reiterated at KeyCorp

Sally Beauty Holdings, Inc. (NYSE:SBH)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a report issued on Monday.

A number of other research firms have also commented on SBH. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $20.00 price target (down previously from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. BMO Capital Markets set a $21.00 price target on shares of Sally Beauty Holdings and gave the company a “hold” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 13th. Finally, Zacks Investment Research lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.67.

Sally Beauty Holdings (NYSE:SBH) traded up 0.73% during midday trading on Monday, reaching $17.84. 193,143 shares of the company were exchanged. The firm has a market cap of $2.36 billion, a P/E ratio of 10.89 and a beta of 0.70. The firm’s 50-day moving average is $19.45 and its 200-day moving average is $19.45. Sally Beauty Holdings has a one year low of $17.10 and a one year high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year.

Sally Beauty Holdings declared that its Board of Directors has initiated a share buyback program on Thursday, August 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 40.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Sally Beauty Holdings’ (SBH) Hold Rating Reiterated at KeyCorp” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/17/sally-beauty-holdings-sbh-hold-rating-reiterated-at-keycorp.html.

In other Sally Beauty Holdings news, Director Edward W. Rabin purchased 4,250 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $18.06 per share, with a total value of $76,755.00. Following the acquisition, the director now directly owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christian A. Brickman purchased 20,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $17.54 per share, for a total transaction of $350,800.00. Following the acquisition, the chief executive officer now directly owns 182,543 shares in the company, valued at $3,201,804.22. The disclosure for this purchase can be found here. Insiders have purchased 34,250 shares of company stock worth $606,555 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its holdings in Sally Beauty Holdings by 227.6% in the 2nd quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sally Beauty Holdings by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 559 shares during the period. PNC Financial Services Group Inc. increased its holdings in Sally Beauty Holdings by 37.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after buying an additional 2,125 shares during the period. Flinton Capital Management LLC increased its holdings in Sally Beauty Holdings by 86.8% in the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 3,696 shares during the period. Finally, M&T Bank Corp increased its holdings in Sally

A number of other research firms have also commented on SBH. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $20.00 price target (down previously from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. BMO Capital Markets set a $21.00 price target on shares of Sally Beauty Holdings and gave the company a “hold” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 13th. Finally, Zacks Investment Research lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.67.

Sally Beauty Holdings (NYSE:SBH) traded up 0.73% during midday trading on Monday, reaching $17.84. 193,143 shares of the company were exchanged. The firm has a market cap of $2.36 billion, a P/E ratio of 10.89 and a beta of 0.70. The firm’s 50-day moving average is $19.45 and its 200-day moving average is $19.45. Sally Beauty Holdings has a one year low of $17.10 and a one year high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year.

Sally Beauty Holdings declared that its Board of Directors has initiated a share buyback program on Thursday, August 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 40.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Sally Beauty Holdings’ (SBH) Hold Rating Reiterated at KeyCorp” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/17/sally-beauty-holdings-sbh-hold-rating-reiterated-at-keycorp.html.

In other Sally Beauty Holdings news, Director Edward W. Rabin purchased 4,250 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $18.06 per share, with a total value of $76,755.00. Following the acquisition, the director now directly owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christian A. Brickman purchased 20,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $17.54 per share, for a total transaction of $350,800.00. Following the acquisition, the chief executive officer now directly owns 182,543 shares in the company, valued at $3,201,804.22. The disclosure for this purchase can be found here. Insiders have purchased 34,250 shares of company stock worth $606,555 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its holdings in Sally Beauty Holdings by 227.6% in the 2nd quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sally Beauty Holdings by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 559 shares during the period. PNC Financial Services Group Inc. increased its holdings in Sally Beauty Holdings by 37.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after buying an additional 2,125 shares during the period. Flinton Capital Management LLC increased its holdings in Sally Beauty Holdings by 86.8% in the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 3,696 shares during the period. Finally, M&T Bank Corp increased its holdings in Sally Beauty Holdings by 0.6% in the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 65 shares during the period.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Analyst Recommendations for Sally Beauty Holdings (NYSE:SBH)

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