Somewhat Positive Press Coverage Somewhat Unlikely to Affect Sally Beauty (SBH) Stock Price

News headlines about Sally Beauty (NYSE:SBH) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sally Beauty earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 45.4932775905893 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

SBH traded up $0.49 on Friday, hitting $15.88. The company had a trading volume of 1,178,834 shares, compared to its average volume of 2,379,736. Sally Beauty has a 1-year low of $14.05 and a 1-year high of $21.36. The company has a debt-to-equity ratio of -5.62, a quick ratio of 0.40 and a current ratio of 2.11. The firm has a market cap of $1.88 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.30.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Sally Beauty had a negative return on equity of 73.82% and a net margin of 6.26%. The company had revenue of $975.30 million during the quarter, compared to analyst estimates of $975.33 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. analysts anticipate that Sally Beauty will post 2.2 earnings per share for the current fiscal year.

SBH has been the subject of several research reports. Zacks Investment Research upgraded Sally Beauty from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Saturday, March 31st. DA Davidson reduced their price target on Sally Beauty from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 26th. Morgan Stanley reduced their price target on Sally Beauty from $15.50 to $13.50 and set an “underweight” rating for the company in a report on Friday, May 4th. Robert W. Baird lowered Sally Beauty from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $17.00 in a report on Friday, May 4th. Finally, Bank of America reduced their price target on Sally Beauty from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 4th. Three research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.90.

In other Sally Beauty news, CFO Aaron E. Alt purchased 3,500 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were bought at an average cost of $15.10 per share, with a total value of $52,850.00. Following the transaction, the chief financial officer now directly owns 3,500 shares in the company, valued at approximately $52,850. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christian A. Brickman purchased 20,000 shares of the company’s stock in a transaction on Monday, May 7th. The stock was acquired at an average cost of $14.61 per share, for a total transaction of $292,200.00. Following the completion of the transaction, the chief executive officer now owns 267,705 shares in the company, valued at $3,911,170.05. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 26,800 shares of company stock valued at $392,834. Corporate insiders own 0.97% of the company’s stock.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

Insider Buying and Selling by Quarter for Sally Beauty (NYSE:SBH)

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