Opinion, Uncategorized

What Wall Street is saying about Sally Beauty Holdings, (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) stock is presently standing at about $20.69 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $24.00, which suggests the stock could still rise over 14 percent. The highest analyst price target is $29.00, which implies a rally of 60 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 1 rate SBH a strong buy. There are 9 equity research firms advocating a Hold and 0 consider it Sell.

Oppenheimer analysts provided their view on Sally Beauty Holdings, Inc. (NYSE:SBH) recently. The rating firm issued a Perform rating to this company in a research note released on Feb 02, 2017. Wells Fargo analysts disclosed their opinion on Sally Beauty Holdings, Inc. (NYSE:SBH) recently. The rating firm gave a Market Perform rating to this stock in a research note published on Jun 02, 2016. According to a research note disclosed on Mar 10, 2016, analysts at Piper Jaffray have lowered their rating on these shares from Overweight to Neutral.

Sally Beauty Holdings, Inc. (NYSE:SBH) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its GVP, CAO & Controller Minton Janna sold 11,250 company shares for 257400, in a transaction on 2017-02-07. Following the transaction, the GVP, CAO & Controller is left with a stake of 15,389 shares, currently valued at $318398. Meanwhile, President-Beauty Systems Group Spinks Mark Gregory sold 6,492 shares worth $171190, through a transaction dated 2016-08-08. Following the completion of the transaction, the insider is left with a stake of 9,813 shares, amounting $203030.97. SBH Director EISENBERG MARSHALL E also sold 12,000 shares, at a stock price of $30.32. This transaction occurred on 2016-06-02 totals $363840. After this transaction, the insider’s stake stands at 60,000 shares, with a market value of $1241400.

Executives hold 1.17 percent of the stock. Howard B. Bernick is one of the biggest insider owners in Sally Beauty Holdings, Inc. (NYSE:SBH), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 592,180 shares which have current market value of around $12252204.2.Bennie L. Lowery is another major inside shareholder in the company. The insider owns 165,399 shares as of 0.12%, currently worth $3422105.31. Mr. David L. Rea is ranked as third insider holder of the stock. This insider holds 150,000 shares with a market value around $3103500 as of recent close.

Sally Beauty Holdings, Inc. (NYSE:SBH) Earnings Outlook

In Sally Beauty Holdings, Inc. (NYSE:SBH)’s latest quarter, EPS moved to $0.39 from $0.41 in preceding quarter and revenues reached at $999.61M compared to $976.36M. Analysts had expected Sally Beauty Holdings, Inc. (NYSE:SBH) to post net income of about $0.45 per share on $1,015.41M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.41 to $0.43. That is compared with the $0.41 in EPS it reported during the same period a year ago.

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