Piper Jaffray Maintains Sally Beauty Holdings to Neutral with Price Target $27.00

Brokerage firm Piper Jaffray Maintains its rating on Sally Beauty Holdings(NYSE:SBH). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.00 per share. The shares have been rated Neutral. The rating by Piper Jaffray was issued on Sep 30, 2016.

In a different note, On Aug 5, 2016, KeyBanc said it Maintains its rating on Sally Beauty Holdings. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Overweight’ by the firm.

Sally Beauty Holdings (SBH) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -0.43% at a volume of 25,76,310. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.78. The peak price level was also seen at $25.78 while the days lowest was $25.07. Finally the shares closed at $25.26. The 52-week high of the shares is $32.93 while the 52-week low is $21.94. According to the latest information available, the market cap of the company is $3,699 M.

Sally Beauty Holdings(SBH) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $998.16M. Analysts had an estimated revenue of $1.00B. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Mark Gregory Spinks (President-Beauty Systems Group) sold 6,492 shares at $26.37 per share price.Also, On Jun 3, 2016, Marshall E Eisenberg (director) sold 12,000 shares at $30.32 per share price.On Apr 6, 2016, Mark J Flaherty (SVP and CFO) sold 34,000 shares at $32.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Sally Beauty Holdings Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies including hair color products hair care products styling appliances brushes nail care products ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers grocery stores mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color hair care skin and nail care beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

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