Equities research analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will report sales of $986.13 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Sally Beauty’s earnings, with the lowest sales estimate coming in at $978.00 million and the highest estimate coming in at $994.40 million. Sally Beauty reported sales of $989.45 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The company is expected to report its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that Sally Beauty will report full-year sales of $3.85 billion for the current fiscal year, with estimates ranging from $3.82 billion to $3.91 billion. For the next year, analysts expect that the business will post sales of $3.86 billion, with estimates ranging from $3.83 billion to $3.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sally Beauty.
Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Sally Beauty had a negative return on equity of 151.31% and a net margin of 6.65%. The business had revenue of $965.94 million for the quarter, compared to analyst estimates of $955.06 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year.
Several equities research analysts have commented on the company. DA Davidson lowered their price objective on Sally Beauty to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. ValuEngine lowered Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Sally Beauty has a consensus rating of “Hold” and a consensus target price of $15.50.
Sally Beauty stock traded down $0.10 during mid-day trading on Thursday, hitting $19.90. The company had a trading volume of 6,320,203 shares, compared to its average volume of 1,812,593. Sally Beauty has a 12-month low of $11.46 and a 12-month high of $23.07. The company’s fifty day moving average is $15.69 and its 200-day moving average is $14.53. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.63 and a beta of 0.46.
In other Sally Beauty news, Director Marshall E. Eisenberg bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of $11.89 per share, for a total transaction of $118,900.00. Following the transaction, the director now directly owns 72,071 shares of the company’s stock, valued at approximately $856,924.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John A. Miller bought 40,500 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of $12.21 per share, for a total transaction of $494,505.00. Following the transaction, the director now directly owns 51,873 shares in the company, valued at $633,369.33. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 51,500 shares of company stock worth $625,675. Insiders own 1.04% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Sally Beauty by 0.6% during the 2nd quarter. BlackRock Inc. now owns 14,286,208 shares of the specialty retailer’s stock valued at $190,576,000 after buying an additional 88,389 shares in the last quarter. AMG National Trust Bank purchased a new position in Sally Beauty in the 2nd quarter valued at $600,000. Public Employees Retirement System of Ohio lifted its holdings in Sally Beauty by 30.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 161,179 shares of the specialty retailer’s stock valued at $2,150,000 after purchasing an additional 37,320 shares in the last quarter. BBT Capital Management LLC purchased a new position in Sally Beauty in the 2nd quarter valued at $573,000. Finally, Bbva USA Bancshares Inc. lifted its holdings in Sally Beauty by 9.1% in the 2nd quarter. Bbva USA Bancshares Inc. now owns 48,590 shares of the specialty retailer’s stock valued at $648,000 after purchasing an additional 4,066 shares in the last quarter.
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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