Analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to post $994.33 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sally Beauty’s earnings, with estimates ranging from $990.00 million to $997.00 million. Sally Beauty reported sales of $989.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that Sally Beauty will report full year sales of $3.90 billion for the current financial year, with estimates ranging from $3.85 billion to $3.92 billion. For the next year, analysts forecast that the business will post sales of $3.93 billion, with estimates ranging from $3.83 billion to $3.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sally Beauty.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $965.94 million during the quarter, compared to the consensus estimate of $955.06 million. Sally Beauty had a net margin of 7.01% and a negative return on equity of 221.38%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS.
SBH has been the subject of a number of research analyst reports. DA Davidson cut Sally Beauty from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $12.50 to $15.00 in a report on Thursday, November 14th. ValuEngine lowered Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.83.
Shares of SBH stock traded down $0.27 on Friday, reaching $18.42. The stock had a trading volume of 106,530 shares, compared to its average volume of 2,207,551. Sally Beauty has a 12 month low of $11.46 and a 12 month high of $21.98. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 2.10 and a beta of 0.51. The firm’s 50-day moving average is $17.44 and its two-hundred day moving average is $14.73.
In other news, insider Mark Gregory Spinks sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $18.50, for a total value of $462,500.00. Following the transaction, the insider now directly owns 53,575 shares of the company’s stock, valued at $991,137.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SBH. First Trust Advisors LP grew its stake in Sally Beauty by 20.0% in the 1st quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer’s stock valued at $1,412,000 after buying an additional 12,797 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Sally Beauty by 2.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock worth $650,000 after acquiring an additional 989 shares during the period. CWM Advisors LLC acquired a new position in shares of Sally Beauty in the second quarter valued at approximately $153,000. Arizona State Retirement System grew its position in shares of Sally Beauty by 1.1% in the second quarter. Arizona State Retirement System now owns 87,515 shares of the specialty retailer’s stock valued at $1,167,000 after purchasing an additional 952 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Sally Beauty by 775.7% during the second quarter. SG Americas Securities LLC now owns 302,798 shares of the specialty retailer’s stock worth $4,039,000 after purchasing an additional 268,219 shares during the period.
Sally Beauty Company Profile
Sally Beauty Holdings, Inc 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, styling tools, and other beauty products for retail customers and salon professionals.
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