Sally Beauty Holdings, Inc. (SBH) Given a $18.00 Price Target at Cowen and Company

Cowen and Company set a $18.00 price objective on Sally Beauty Holdings, Inc. (NYSE:SBH) in a research report report published on Thursday morning. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other equities analysts have also issued reports on SBH. DA Davidson restated a buy rating and set a $23.00 target price on shares of Sally Beauty Holdings in a research report on Monday, July 24th. BidaskClub upgraded shares of Sally Beauty Holdings from a sell rating to a hold rating in a research report on Monday, July 31st. BMO Capital Markets set a $21.00 target price on shares of Sally Beauty Holdings and gave the stock a hold rating in a research report on Saturday, August 5th. Wells Fargo & Company restated a market perform rating and set a $20.00 target price (down from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. Finally, KeyCorp restated a hold rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $19.27.

Shares of Sally Beauty Holdings (NYSE:SBH) traded down $0.03 on Thursday, hitting $15.44. 2,520,000 shares of the stock were exchanged, compared to its average volume of 2,740,000. The company has a current ratio of 2.18, a quick ratio of 0.43 and a debt-to-equity ratio of -5.07. The stock has a market capitalization of $1,980.00, a price-to-earnings ratio of 8.90, a PEG ratio of 1.43 and a beta of 0.66. Sally Beauty Holdings has a twelve month low of $14.05 and a twelve month high of $27.71.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The business had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $989.96 million. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. analysts expect that Sally Beauty Holdings will post 1.81 earnings per share for the current fiscal year.

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Sally Beauty Holdings announced that its board has approved a share repurchase plan on Thursday, August 31st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 40.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 20,000 shares of Sally Beauty Holdings stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $17.54 per share, with a total value of $350,800.00. Following the completion of the acquisition, the chief executive officer now owns 182,543 shares in the company, valued at $3,201,804.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward W. Rabin bought 4,250 shares of Sally Beauty Holdings stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $18.06 per share, with a total value of $76,755.00. Following the acquisition, the director now owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in SBH. State Street Corp raised its stake in shares of Sally Beauty Holdings by 0.4% during the 2nd quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock worth $81,789,000 after buying an additional 14,768 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Sally Beauty Holdings during the 2nd quarter worth $6,676,000. Timucuan Asset Management Inc. FL raised its stake in shares of Sally Beauty Holdings by 31.7% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,037,920 shares of the specialty retailer’s stock worth $41,268,000 after buying an additional 490,932 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Sally Beauty Holdings by 109.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,322,076 shares of the specialty retailer’s stock worth $26,772,000 after buying an additional 689,635 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sally Beauty Holdings by 75.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,898 shares of the specialty retailer’s stock worth $28,551,000 after buying an additional 608,282 shares during the last quarter.

About Sally Beauty Holdings

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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