Sally Beauty Holdings, Inc. (NYSE:SBH) – KeyCorp upped their Q2 2018 earnings estimates for shares of Sally Beauty in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Gere now expects that the specialty retailer will earn $0.58 per share for the quarter, up from their prior forecast of $0.50. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sally Beauty’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.67 EPS.
Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The business had revenue of $994.96 million for the quarter, compared to analysts’ expectations of $990.18 million. During the same quarter last year, the company earned $0.39 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
Several other research firms have also recently commented on SBH. ValuEngine cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Robert W. Baird set a $21.00 target price on shares of Sally Beauty and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, January 17th. Morgan Stanley cut shares of Sally Beauty from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets set a $18.00 target price on shares of Sally Beauty and gave the company a “hold” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.50.
Sally Beauty (NYSE:SBH) opened at $16.98 on Monday. The company has a market cap of $2,200.56, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.18 and a beta of 0.42. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.38 and a current ratio of 1.97. Sally Beauty has a 52 week low of $14.05 and a 52 week high of $23.50.
Large investors have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its position in shares of Sally Beauty by 86.8% during the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 3,696 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Sally Beauty in the fourth quarter worth about $185,000. GSA Capital Partners LLP acquired a new position in shares of Sally Beauty in the third quarter worth about $197,000. Invictus RG acquired a new position in shares of Sally Beauty in the third quarter worth about $202,000. Finally, M&T Bank Corp boosted its holdings in shares of Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after buying an additional 65 shares during the period.
In other Sally Beauty news, Director Edward W. Rabin acquired 3,750 shares of Sally Beauty stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the transaction, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.48% of the stock is currently owned by company insiders.
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Sally Beauty Company Profile
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international 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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