Equities research analysts predict that Sally Beauty Holdings, Inc. (NYSE:SBH) will report sales of $1.00 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Sally Beauty Holdings’ earnings, with the lowest sales estimate coming in at $990.22 million and the highest estimate coming in at $1.02 billion. Sally Beauty Holdings reported sales of $998.16 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that Sally Beauty Holdings will report full year sales of $1.00 billion for the current year, with estimates ranging from $3.93 billion to $3.99 billion. For the next financial year, analysts forecast that the firm will report sales of $4.03 billion per share, with estimates ranging from $3.98 billion to $4.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Sally Beauty Holdings.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $966.50 million during the quarter, compared to analysts’ expectations of $986.09 million. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. Sally Beauty Holdings’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share.
Several research analysts have recently commented on the company. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Robert W. Baird set a $26.00 price objective on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Saturday, May 6th. Finally, DA Davidson assumed coverage on Sally Beauty Holdings in a report on Thursday, July 6th. They set a “neutral” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.90.
In related news, CEO Christian A. Brickman acquired 10,000 shares of the stock in a transaction on Monday, May 8th. The stock was 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 owns 142,543 shares of the company’s stock, valued at approximately $2,833,754.84. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Edward W. Rabin acquired 2,750 shares of the stock in a transaction on Friday, May 26th. The stock was bought at an average price of $17.70 per share, with a total value of $48,675.00. Following the transaction, the director now directly owns 15,903 shares of the company’s stock, valued at approximately $281,483.10. The disclosure for this purchase can be found here. Insiders acquired 61,750 shares of company stock valued at $1,130,860 in the last quarter. Corporate insiders own 0.97% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock worth $103,000 after buying an additional 3,543 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock worth $120,000 after buying an additional 616 shares in the last quarter. Cutler Group LP increased its position in shares of Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock worth $130,000 after buying an additional 5,447 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock worth $152,000 after buying an additional 784 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares in the last quarter.
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Sally Beauty Holdings (NYSE:SBH) traded up 0.20% on Friday, hitting $20.27. 1,834,194 shares of the stock were exchanged. Sally Beauty Holdings has a 52-week low of $17.26 and a 52-week high of $30.17. The firm has a market cap of $2.81 billion, a PE ratio of 12.57 and a beta of 0.65. The company has a 50-day moving average price of $19.71 and a 200-day moving average price of $20.59.
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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