Can Sally Beauty Holdings, Inc. (NYSE:SBH) Make a Bullish Move?

More recent Sally Beauty Holdings, Inc. Finally, BMO Capital Markets reissued a "market perform" rating and set a $23.00 price objective (down from $29.00) on shares of Sally Beauty Holdings in a research report on Friday, February 3rd. DA Davidson cut Sally Beauty from a "buy" rating to a "neutral" rating and cut their price target for the company from $21.00 to $16.00 in a research note on Sunday, November 26th. The investor is now holding 6,169,915 shares thanks to an increase of 112,801 new shares in their portfolio. The firm earned "Buy" rating on Thursday, September 28 by Cowen & Co. Finally, Oppenheimer reaffirmed a "hold" rating on shares of Sally Beauty in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The company now has a consensus rating of "Hold" and an average target price of $18.82. (NYSE:SBH) closed the last session at $17.25 and sees an average of 2827573.25 shares trade hands in each session. (NYSE:WM) has been 1.92 million shares per day over the past 30 days. The firm attains price to earnings ratio of 10.94 and its current ratio stands at 2. Sally Beauty has a one year low of $14.05 and a one year high of $27.71.

Always volatility measures make charm for active trader; price volatility of stock was 4.13% for a week and 5.11% for a month. Presently, Sally Beauty Holdings, Inc. has an FCF score of -0.118536. Five analysts have issued estimates for Sally Beauty Holdings' earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.49. The firm had revenue of $974.20 million for the quarter, compared to the consensus estimate of $989.96 million. Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. For the past 5 years, the company's revenue has grown 2.3%, while the company's earnings per share has grown 4.7%. During the same period in the prior year, the business earned $0.41 EPS.

A number of institutional investors and hedge funds have recently modified their holdings of SBH. Sally Beauty Holdings's revenue was down 1.4% compared to the same quarter past year. Champlain Investment Partners LLC now owns 3,353,710 shares of the specialty retailer's stock valued at $68,550,000 after buying an additional 538,740 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sally Beauty by 11.5% in the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider's stock valued at $232,925,000 after purchasing an additional 231,558 shares during the period. The firm is having a distance of 6.52% form 20 day moving average, SMA 50 of -1.64% and a SMA 200 of -10.26%.Sally Beauty Holdings, Inc. a United States of America based Company, belongs to Services sector and Specialty Retail, Other industry. (NYSE:SBH) might see muted action given an ABR of 2.3 or Hold rating.

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Sally Beauty Holdings Company Profile Sally Beauty Holdings, Inc is an global specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer's stock worth $161,000 after acquiring an additional 3,696 shares during the period. Following the transaction, the director now directly owns 24,989 shares in the company, valued at $455,549.47. The shares were acquired at an average price of $15.49 per share, with a total value of $58,087.50. Short interest, which represents the percentage of a stock's tradable shares now being shorted, captures what the market as a whole feels about a stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. SBH's insider ownership was 0.40%.

Sally Beauty announced that its Board of Directors has approved a share buyback program on Thursday, August 31st that allows the company to buyback $1.00 billion in shares. Stock buyback programs are often a sign that the company's management believes its stock is undervalued. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright & trademark law.

At the session level, shares of Sally Beauty Holdings, Inc.(NYSE:SBH) moved -1.38% from the open. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and global 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.

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