Wall Street brokerages expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will post sales of $984.50 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Sally Beauty’s earnings. The highest sales estimate is $992.20 million and the lowest is $976.40 million. Sally Beauty reported sales of $996.28 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The firm is scheduled to issue its next earnings results on Thursday, August 1st.
On average, analysts expect that Sally Beauty will report full year sales of $3.88 billion for the current financial year, with estimates ranging from $3.86 billion to $3.90 billion. For the next fiscal year, analysts expect that the business will post sales of $3.87 billion, with estimates ranging from $3.83 billion to $3.93 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sally Beauty.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Sally Beauty had a negative return on equity of 110.97% and a net margin of 6.28%. The firm had revenue of $945.90 million during the quarter, compared to analysts’ expectations of $964.08 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Sally Beauty’s revenue was down 3.0% on a year-over-year basis.
A number of brokerages recently weighed in on SBH. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Friday, May 3rd. ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Bank of America reaffirmed an “underperform” rating and issued a $1.25 target price (down previously from $4.50) on shares of Superior Energy Services in a research report on Tuesday, June 25th. DA Davidson started coverage on shares of WillScot in a research report on Tuesday, June 25th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Sally Beauty presently has a consensus rating of “Hold” and an average target price of $15.64.
In related news, CEO Christian A. Brickman bought 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $16.40 per share, with a total value of $164,000.00. Following the transaction, the chief executive officer now owns 355,332 shares in the company, valued at approximately $5,827,444.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christian A. Brickman acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $14.93 per share, with a total value of $74,650.00. Following the transaction, the chief executive officer now owns 360,332 shares in the company, valued at $5,379,756.76. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 22,000 shares of company stock valued at $351,135. 1.04% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of SBH. Norges Bank bought a new stake in shares of Sally Beauty during the 4th quarter valued at $23,087,000. D. E. Shaw & Co. Inc. grew its position in shares of Sally Beauty by 72.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,683,252 shares of the specialty retailer’s stock valued at $45,749,000 after acquiring an additional 1,130,288 shares during the period. Champlain Investment Partners LLC grew its position in shares of Sally Beauty by 13.1% during the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock valued at $155,466,000 after acquiring an additional 976,690 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Sally Beauty by 2,747.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock valued at $15,966,000 after acquiring an additional 836,591 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Sally Beauty by 968.7% during the 4th quarter. Squarepoint Ops LLC now owns 464,976 shares of the specialty retailer’s stock valued at $7,928,000 after acquiring an additional 421,466 shares during the period.
NYSE SBH traded down $0.12 during mid-day trading on Tuesday, reaching $12.18. The stock had a trading volume of 2,182,771 shares, compared to its average volume of 2,260,623. Sally Beauty has a 1 year low of $11.46 and a 1 year high of $23.61. The firm has a market cap of $1.47 billion, a PE ratio of 5.64, a PEG ratio of 1.68 and a beta of 0.42. The business’s fifty day moving average price is $13.63.
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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