BMO Capital Markets set a $18.00 price target on Sally Beauty (NYSE:SBH) in a report published on Thursday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other analysts have also issued reports on SBH. Buckingham Research lowered their price target on shares of Sally Beauty from $18.00 to $15.00 and set a neutral rating on the stock in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Sally Beauty from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Friday. KeyCorp reissued a hold rating on shares of Sally Beauty in a research report on Friday, November 24th. DA Davidson lowered shares of Sally Beauty from a buy rating to a neutral rating and lowered their price target for the company from $21.00 to $16.00 in a research report on Sunday, November 26th. Finally, Oppenheimer reissued a hold rating on shares of Sally Beauty in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Sally Beauty currently has a consensus rating of Hold and an average price target of $18.27.

Shares of Sally Beauty (NYSE SBH) opened at $16.97 on Thursday. Sally Beauty has a 12-month low of $14.05 and a 12-month high of $23.83. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.42. The stock has a market cap of $2,200.00, a P/E ratio of 9.38, a PEG ratio of 1.60 and a beta of 0.42.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. sell-side analysts expect that Sally Beauty will post 1.97 EPS for the current year.

In other news, Director Edward W. Rabin bought 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of $15.49 per share, with a total value of $58,087.50. Following the acquisition, the director now owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SBH. Alliancebernstein L.P. increased its holdings in Sally Beauty by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock worth $1,788,000 after acquiring an additional 490 shares during the period. Teachers Advisors LLC increased its holdings in Sally Beauty by 12.0% during the 2nd quarter. Teachers Advisors LLC now owns 162,023 shares of the specialty retailer’s stock worth $3,281,000 after acquiring an additional 17,413 shares during the period. Northern Trust Corp increased its holdings in Sally Beauty by 6.6% during the 2nd quarter. Northern Trust Corp now owns 1,441,556 shares of the specialty retailer’s stock worth $29,191,000 after acquiring an additional 89,154 shares during the period. M&T Bank Corp increased its holdings in Sally Beauty by 0.6% during the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 65 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in Sally Beauty by 14.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 479,246 shares of the specialty retailer’s stock worth $9,705,000 after acquiring an additional 59,027 shares during the period.

TRADEMARK VIOLATION WARNING: “Sally Beauty (SBH) Given a $18.00 Price Target at BMO Capital Markets” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://theolympiareport.com/2018/02/11/sally-beauty-sbh-given-a-18-00-price-target-at-bmo-capital-markets.html.

About Sally Beauty

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 (NYSE:SBH)

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.