Sally Beauty (SBH) Upgraded by BMO Capital Markets to Market Perform

BMO Capital Markets upgraded shares of Sally Beauty (NYSE:SBH) to a market perform rating in a research report released on Friday, The Fly reports. The brokerage currently has $17.00 target price on the specialty retailer’s stock.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Sally Beauty from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Tuesday, April 16th. ValuEngine lowered Sally Beauty from a sell rating to a strong sell rating in a report on Wednesday, May 1st. Bank of America reissued an underperform rating and issued a $16.00 target price (down previously from $19.00) on shares of Sally Beauty in a report on Thursday, May 2nd. Finally, Wells Fargo & Co set a $18.00 target price on Sally Beauty and gave the company a hold rating in a report on Tuesday, February 5th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $16.63.

Sally Beauty stock opened at $16.53 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.89 and a beta of 0.41. Sally Beauty has a fifty-two week low of $13.72 and a fifty-two week high of $23.61.

Sally Beauty (NYSE:SBH) last posted its earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $945.90 million during the quarter, compared to analyst estimates of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Equities research analysts forecast that Sally Beauty will post 2.2 EPS for the current fiscal year.

In related news, Director Edward W. Rabin acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $16.38 per share, with a total value of $90,090.00. Following the completion of the purchase, the director now directly owns 19,732 shares in the company, valued at $323,210.16. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christian A. Brickman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $16.40 per share, for a total transaction of $164,000.00. Following the purchase, the chief executive officer now owns 355,332 shares of the company’s stock, valued at $5,827,444.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 22,700 shares of company stock worth $383,897. Corporate insiders own 1.04% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SBH. Glenmede Trust Co. NA acquired a new stake in shares of Sally Beauty during the third quarter valued at $191,000. Teachers Advisors LLC boosted its stake in shares of Sally Beauty by 1.9% during the third quarter. Teachers Advisors LLC now owns 248,130 shares of the specialty retailer’s stock valued at $4,563,000 after acquiring an additional 4,640 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Sally Beauty by 4.7% during the third quarter. Legal & General Group Plc now owns 181,204 shares of the specialty retailer’s stock valued at $3,332,000 after acquiring an additional 8,076 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sally Beauty by 0.5% during the third quarter. Vanguard Group Inc. now owns 10,863,736 shares of the specialty retailer’s stock valued at $199,784,000 after acquiring an additional 50,875 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Sally Beauty during the third quarter valued at $3,045,000.

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

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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