Sally Beauty Holdings, Inc. (NYSE:SBH) – Oppenheimer increased their Q2 2018 earnings per share (EPS) estimates for Sally Beauty in a research note issued to investors on Tuesday. Oppenheimer analyst R. Parikh now expects that the specialty retailer will earn $0.56 per share for the quarter, up from their prior estimate of $0.47. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Sally Beauty’s Q3 2018 earnings at $0.56 EPS and Q4 2018 earnings at $0.49 EPS.
Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.26. The business had revenue of $994.96 million during the quarter, compared to analysts’ expectations of $990.18 million. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.
Other equities analysts have also recently issued research reports about the company. Cowen set a $18.00 price target on Sally Beauty and gave the company a “buy” rating in a report on Thursday, November 16th. Robert W. Baird set a $24.00 price target on Sally Beauty and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, January 17th. KeyCorp reiterated a “hold” rating on shares of Sally Beauty in a report on Friday, November 24th. Finally, ValuEngine cut Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Sally Beauty presently has a consensus rating of “Hold” and an average target price of $17.50.
Sally Beauty (NYSE:SBH) opened at $16.98 on Wednesday. The firm has a market capitalization of $2,200.56, a P/E 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 1-year low of $14.05 and a 1-year high of $23.50.
Institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC boosted its holdings in 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 acquiring an additional 3,696 shares during the period. State of Alaska Department of Revenue purchased a new position in Sally Beauty during the 4th quarter valued at $185,000. GSA Capital Partners LLP purchased a new position in Sally Beauty during the 3rd quarter valued at $197,000. Invictus RG purchased a new position in Sally Beauty during the 3rd quarter valued at $202,000. Finally, Koch Industries Inc. purchased a new position in Sally Beauty during the 4th quarter valued at $231,000.
In related news, Director Edward W. Rabin bought 3,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the acquisition, the director now owns 14,351 shares in the company, valued at $222,296.99. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by 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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