Sally Beauty Holdings, Inc. (NYSE:SBH) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03, Bloomberg Earnings reports. The company had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. Sally Beauty Holdings’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS.
Sally Beauty Holdings (NYSE:SBH) traded down 0.69% during trading on Thursday, hitting $20.21. 4,356,671 shares of the company were exchanged. The firm’s 50 day moving average price is $19.73 and its 200-day moving average price is $20.55. Sally Beauty Holdings has a 1-year low of $17.26 and a 1-year high of $30.17. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.55 and a beta of 0.65.
Several research analysts recently issued reports on SBH shares. Zacks Investment Research lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Robert W. Baird set a $26.00 price objective on shares of Sally Beauty Holdings and gave the company a “buy” rating in a research report on Saturday, May 6th. Jefferies Group LLC assumed coverage on shares of Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating on the stock. ValuEngine downgraded shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Sally Beauty Holdings presently has a consensus rating of “Hold” and an average target price of $25.90.
In other news, CEO Christian A. Brickman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the transaction, the chief executive officer now directly owns 142,543 shares in the company, valued at $2,833,754.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Olen Haltom sold 3,060 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $20.00, for a total value of $61,200.00. Following the completion of the sale, the senior vice president now owns 6,999 shares in the company, valued at approximately $139,980. The disclosure for this sale can be found here. In the last quarter, insiders purchased 61,750 shares of company stock worth $1,130,860. 0.97% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in Sally Beauty Holdings during the first quarter valued at approximately $223,000. LSV Asset Management raised its stake in Sally Beauty Holdings by 1.3% in the first quarter. LSV Asset Management now owns 703,500 shares of the specialty retailer’s stock valued at $14,379,000 after buying an additional 8,800 shares in the last quarter. Guggenheim Capital LLC raised its stake in Sally Beauty Holdings by 70.3% in the fourth quarter. Guggenheim Capital LLC now owns 25,856 shares of the specialty retailer’s stock valued at $683,000 after buying an additional 10,670 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Sally Beauty Holdings by 2.4% in the first quarter. Thrivent Financial For Lutherans now owns 108,770 shares of the specialty retailer’s stock valued at $2,223,000 after buying an additional 2,530 shares in the last quarter. Finally, First Quadrant L P CA bought a new stake in Sally Beauty Holdings during the first quarter valued at approximately $11,551,000.
About Sally Beauty Holdings
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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