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

Several other brokerages have also weighed in on SBH. KeyCorp reaffirmed a hold rating on shares of Sally Beauty in a research report on Monday, October 16th. Nomura dropped their target price on Sally Beauty from $20.00 to $18.00 and set a neutral rating on the stock in a research report on Thursday, November 16th. Zacks Investment Research lowered Sally Beauty from a buy rating to a hold rating in a research report on Saturday, October 21st. Buckingham Research dropped their target price on Sally Beauty from $21.00 to $16.00 and set a neutral rating on the stock in a research report on Thursday, November 16th. Finally, Robert W. Baird set a $21.00 target price on Sally Beauty and gave the stock a buy rating in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Sally Beauty presently has an average rating of Hold and a consensus price target of $18.27.

Sally Beauty (SBH) traded down $0.01 during mid-day trading on Thursday, hitting $16.60. The company had a trading volume of 1,124,197 shares, compared to its average volume of 2,295,401. The company has a debt-to-equity ratio of -4.87, a quick ratio of 0.42 and a current ratio of 2.04. The firm has a market cap of $1,992.93, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.50 and a beta of 0.42. Sally Beauty has a twelve month low of $14.05 and a twelve month high of $23.83.

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 Thomson Reuters’ consensus estimate of $0.42 by $0.26. Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The business had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue was down .5% compared to the same quarter last year. equities research analysts forecast that Sally Beauty will post 1.99 earnings per share for the current fiscal year.

In other Sally Beauty news, Director Edward W. Rabin purchased 3,750 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the completion of the purchase, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Sally Beauty by 0.9% in the second quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock worth $457,000 after purchasing an additional 200 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Sally Beauty by 0.6% in the second quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock worth $1,788,000 after purchasing an additional 490 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Sally Beauty by 8.6% in the third quarter. Stifel Financial Corp now owns 39,693 shares of the specialty retailer’s stock worth $778,000 after purchasing an additional 3,144 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Sally Beauty by 5.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,584 shares of the specialty retailer’s stock worth $1,155,000 after purchasing an additional 3,170 shares in the last quarter.

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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)

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