Sally Beauty Holdings, Inc. (NYSE:SBH) - Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for Sally Beauty Holdings in a research note issued on Friday. Jefferies Group analyst S. Wissink now forecasts that the specialty retailer will post earnings of $1.79 per share for the year, up from their prior estimate of $1.78. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Sally Beauty Holdings’ Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.47 EPS and FY2019 earnings at $1.86 EPS.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million for the quarter, compared to the consensus estimate of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS.
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A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. DA Davidson started coverage on Sally Beauty Holdings in a research report on Thursday, July 6th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings and gave the stock a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.22.
Shares of Sally Beauty Holdings (SBH) opened at 21.14 on Monday. The company’s 50 day moving average price is $19.73 and its 200 day moving average price is $20.55. Sally Beauty Holdings has a one year low of $17.26 and a one year high of $30.17. The stock has a market capitalization of $2.93 billion, a P/E ratio of 13.11 and a beta of 0.65.
In other Sally Beauty Holdings news, Director Edward W. Rabin acquired 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average price of $17.70 per share, with a total value of $48,675.00. Following the transaction, the director now owns 15,903 shares of the company’s stock, valued at $281,483.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert R. Mcmaster acquired 5,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $18.03 per share, with a total value of $99,165.00. Following the transaction, the insider now directly owns 40,630 shares in the company, valued at approximately $732,558.90. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,750 shares of company stock valued at $932,060 in the last three months. 0.97% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Sally Beauty Holdings by 185.3% in the second quarter. Prudential Financial Inc. now owns 389,996 shares of the specialty retailer’s stock valued at $7,897,000 after buying an additional 253,323 shares in the last quarter. Royce & Associates LP acquired a new position in Sally Beauty Holdings during the second quarter valued at $8,505,000. Victory Capital Management Inc. acquired a new position in Sally Beauty Holdings during the second quarter valued at $24,431,000. Virginia Retirement Systems ET AL acquired a new position in Sally Beauty Holdings during the second quarter valued at $1,705,000. Finally, Marshall Wace North America L.P. acquired a new position in Sally Beauty Holdings during the second quarter valued at $6,676,000.
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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