Jefferies Financial Group set a $15.00 target price on Sally Beauty (NYSE:SBH) in a report issued on Friday morning. The firm currently has a sell rating on the specialty retailer’s stock. Jefferies Financial Group also issued estimates for Sally Beauty’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $2.22 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $2.02 EPS.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Sally Beauty from $16.00 to $14.00 and set a hold rating on the stock in a research note on Monday, August 6th. beau downgraded shares of Sally Beauty from a neutral rating to an underperform rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Tuesday, July 17th. Bank of America downgraded shares of Sally Beauty from a neutral rating to an underperform rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Monday, July 16th. Zacks Investment Research downgraded shares of Sally Beauty from a hold rating to a sell rating in a research note on Thursday, August 9th. Finally, ValuEngine upgraded shares of Sally Beauty from a strong sell rating to a sell rating in a research note on Friday, October 12th. Four analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $16.36.

SBH traded down $0.84 during trading on Friday, reaching $21.75. 5,282,284 shares of the company’s stock were exchanged, compared to its average volume of 2,065,103. Sally Beauty has a fifty-two week low of $13.72 and a fifty-two week high of $23.61. The company has a market capitalization of $2.26 billion, a P/E ratio of 9.26, a P/E/G ratio of 1.64 and a beta of 0.19.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The firm had revenue of $966.00 million for the quarter, compared to the consensus estimate of $965.98 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Sally Beauty will post 2.12 earnings per share for the current fiscal year.

In related news, CEO Christian A. Brickman acquired 16,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was bought at an average cost of $13.90 per share, with a total value of $222,400.00. Following the completion of the acquisition, the chief executive officer now owns 278,664 shares in the company, valued at $3,873,429.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new position in shares of Sally Beauty in the second quarter valued at about $103,000. BlueMountain Capital Management LLC bought a new position in shares of Sally Beauty in the second quarter valued at about $106,000. Hartford Investment Management Co. bought a new position in shares of Sally Beauty in the second quarter valued at about $197,000. Greenleaf Trust bought a new position in shares of Sally Beauty in the second quarter valued at about $204,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Sally Beauty in the third quarter valued at about $234,000.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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Analyst Recommendations for Sally Beauty (NYSE:SBH)

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