The Brokerages Set Sally Beauty Holdings, Inc

Lloyd Doyle
September 6, 2017

Investors and Traders continue to monitor technical levels of shares of Sally Beauty Holdings, Inc.

Shares of Sally Beauty Holdings (NYSE:SBH) opened at 19.06 on Tuesday. It is aimed to map the current and historical strength or weakness of a stock or market based on the ending prices of a recent trading sessions.

Investors are more bullish on shares of the company recently at least if you consider the downtick in short interest. That's a potential 13.85 gain from where (NYSE:SBH) has been trading recently. DA Davidson reiterated a "buy" rating and set a $23.00 price target on shares of Sally Beauty Holdings in a research report on Monday, July 24th. As of the end of the quarter Perkins Investment Management, LLC had bought a total of 2,730,926 shares growing its position 134.2%. US Bancorp DE raised its holdings in Sally Beauty Holdings by 227.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer's stock valued at $110,000 after acquiring an additional 559 shares during the period. Sally Beauty Holdings has a 12-month low of $17.26 and a 12-month high of $30.17.

Kayne Anderson Rudnick Investment Management LLC decreased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) on Monday, March 14 with "Equal-Weight" rating. The stock last traded at $18.96 which is slightly below the 50 day moving average of $19.54 and which is marginally under the 200 day moving average of $19.74. Oppenheimer downgraded Sally Beauty Holdings, Inc. Sally Beauty Holdings, Inc. Basswood Capital Management Llc who had been investing in Swift Transportation Co. for a number of months, seems to be less bullish one the $3.84 billion market cap company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $24.22.


Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.03. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. It has a return on equity (ROE) of -75.00%. The business's revenue was up.0% compared to the same quarter past year. On average, equities research analysts anticipate that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year. (NYSE:SBH) news were published by: Businesswire.com which released: "Sally Beauty Holdings Announces $1.0 Billion Stock Repurchase Program" on August 31, 2017, also Businesswire.com with their article: "Sally Beauty Holdings, Inc". This buyback authorization allows the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Timucuan Asset Management Inc bought 22,785 shares as the company's stock declined 19.54% while stock markets rallied.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of global trademark and copyright legislation. Also, Director Edward W. Rabin bought 4,250 shares of the business's stock in a transaction that occurred on Monday, August 21st.

Several brokerages have commented on SBH. With 1.52 million avg volume, 11 days are for Sally Beauty Holdings Incorporated (NYSE:SBH)'s short sellers to cover SBH's short positions. Dave & Buster's Entertainment had 18 analyst reports since September 9, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with "Buy" rating and $7700 target in Tuesday, June 6 report. As per Wednesday, June 7, the company rating was maintained by Jefferies. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company.

In other Sally Beauty Holdings news, CEO Christian A. Brickman acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of $17.54 per share, with a total value of $350,800.00. The percentage of shares being held by the company management was 1.6% while institutional stake was 87.1%. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. During the previous day stock price stayed within the range of $12.265 and $12.80. Following the purchase, the director now owns 16,653 shares in the company, valued at approximately $300,753.18. The disclosure for this purchase can be found here. During the last month, the stock has changed -16.08%. Insiders own 0.97% of the company's stock. About shares traded. Sally Beauty Holdings, Inc. Sally Beauty Supply targets retail consumers and salon professionals, while BSG targets salons and salon professionals.

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