Sally Beauty (NYSE:SBH – Get Rating) is expected to release earnings data before market open Thursday, August 4. Analysts expect Sally Beauty to post earnings of $0.59 per share for the quarter.
Sally Beauty (NYSE:SBH – Get Rating) last released quarterly earnings data on Thursday, May 5. The specialty retailer reported earnings per share (EPS) of $0.47 for the quarter, missing analyst consensus estimates of $0.51 per ($0.04). The company posted revenue of $911.40 million for the quarter, versus analyst estimates of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The company’s revenue for the quarter was down 1.6% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.57. On average, analysts expect Sally Beauty to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
Sally Beauty stock up 0.1%
Shares of NYSE SBH opened at $13.25 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 5.84 and a beta of 1.41. The company has a 50-day moving average price of $13.25 and a 200-day moving average price of $15.39. The company has a debt ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. Sally Beauty has a 52-week low of $11.28 and a 52-week high of $22.82.
Sally Beauty Institutional Trade
A number of institutional investors have recently changed their positions in the company. Dimensional Fund Advisors LP raised its position in Sally Beauty shares by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,544,961 shares of the specialty retailer worth $39,779,000 after buying 14,113 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Sally Beauty by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,529,120 shares of the specialty retailer worth $23,900,000 after acquiring 8,096 additional shares last quarter. Gamco Investors Inc. ET AL increased its position in Sally Beauty by 7.6% during the first quarter. Gamco Investors Inc. ET AL now owns 780,050 shares of the specialty retailer worth $12,192,000 after acquiring an additional 54,871 shares in the last quarter. Federated Hermes Inc. increased its position in Sally Beauty by 79.3% in the first quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer worth $9,941,000 after acquiring an additional 281,243 shares last quarter. Finally, Renaissance Technologies LLC increased its position in Sally Beauty by 29.4% during the first quarter. Renaissance Technologies LLC now owns 604,500 shares of the specialty retailer worth $9,448,000 after acquiring an additional 137,400 shares last quarter.
Analysts set new price targets
A number of brokerages have recently released reports on SBH. StockNews.com upgraded Sally Beauty shares from a “hold” rating to a “buy” rating in a report released Monday. Morgan Stanley cut shares of Sally Beauty from a “weighted” rating to an “underweight” rating and lowered its price target for the company from $19.00 to $12.00 in a Thursday 16 report. June. Raymond James downgraded Sally Beauty shares from a “market performer” rating to an “underperformer” rating in a Wednesday, June 29 report. Cowen cut his price target on Sally Beauty shares from $30.00 to $20.00 in a Friday, May 6 report. Finally, Oppenheimer downgraded Sally Beauty shares from an “outperforming” rating to a “market performing” rating in a Thursday, May 5, report. Two investment analysts have assigned the stock a sell rating, two have issued a hold rating and one has assigned the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.70.
Company Profile Sally Beauty
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Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty products. The Company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair coloring and care products, skin and nail care products, styling tools and other beauty products for retail customers, salons and salon professionals.
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