BMO Capital Markets Analysts Give Sally Beauty (SBH) a $22.00 Price Target

BMO Capital Markets set a $22.00 target price on Sally Beauty (NYSE:SBH) in a report released on Monday morning, The Fly reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other analysts have also recently commented on SBH. Zacks Investment Research upgraded shares of Sally Beauty from a strong sell rating to a hold rating in a research note on Wednesday, October 3rd. Bank of America lifted their target price on shares of Sally Beauty from $14.00 to $16.00 and gave the stock a sell rating in a research note on Thursday, October 4th. DA Davidson lifted their target price on shares of Sally Beauty to $19.00 and gave the stock a neutral rating in a research note on Friday, November 9th. Morgan Stanley lowered their target price on shares of Sally Beauty from $13.50 to $13.00 and set an underweight rating for the company in a research note on Monday, August 6th. Finally, Jefferies Financial Group set a $15.00 target price on shares of Sally Beauty and gave the stock a sell rating in a research note on Friday, November 9th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $17.22.

Shares of Sally Beauty stock opened at $20.48 on Monday. Sally Beauty has a 52-week low of $13.72 and a 52-week high of $23.61. The company has a market capitalization of $2.48 billion, a PE ratio of 9.48, a PEG ratio of 1.87 and a beta of 0.19.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. 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 firm earned $0.45 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts forecast that Sally Beauty will post 2.22 earnings per share for the current year.

In other Sally Beauty news, CFO Aaron E. Alt acquired 2,400 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $20.75 per share, for a total transaction of $49,800.00. Following the purchase, the chief financial officer now owns 88,391 shares in the company, valued at approximately $1,834,113.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott C. Sherman sold 3,100 shares of Sally Beauty stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $21.72, for a total transaction of $67,332.00. Following the sale, the senior vice president now owns 13,312 shares of the company’s stock, valued at $289,136.64. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SBH. Hartford Investment Management Co. acquired a new stake in Sally Beauty during the 2nd quarter valued at approximately $197,000. Unigestion Holding SA acquired a new stake in Sally Beauty during the 2nd quarter valued at approximately $7,103,000. Janney Montgomery Scott LLC lifted its stake in Sally Beauty by 11.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 46,020 shares of the specialty retailer’s stock valued at $738,000 after acquiring an additional 4,605 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Sally Beauty by 66.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,102 shares of the specialty retailer’s stock valued at $595,000 after acquiring an additional 14,790 shares during the period. Finally, Cardinal Capital Management lifted its stake in Sally Beauty by 52.1% during the 2nd quarter. Cardinal Capital Management now owns 33,635 shares of the specialty retailer’s stock valued at $539,000 after acquiring an additional 11,523 shares during the period.

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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The Fly

Analyst Recommendations for Sally Beauty (NYSE:SBH)

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