Sally Beauty (NYSE:SBH) released its earnings results on Thursday. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26, Bloomberg Earnings reports. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The business had revenue of $994.96 million during the quarter, compared to analysts’ expectations of $990.18 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was down .5% on a year-over-year basis.
Shares of Sally Beauty (NYSE:SBH) opened at $16.97 on Friday. The firm has a market cap of $2,200.00, a P/E ratio of 9.38, a PEG ratio of 1.60 and a beta of 0.42. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.42 and a current ratio of 1.97. Sally Beauty has a fifty-two week low of $14.05 and a fifty-two week high of $23.83.
In other news, Director Edward W. Rabin acquired 3,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the completion of the acquisition, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company’s stock.
Several research firms recently issued reports on SBH. BMO Capital Markets set a $18.00 price target on shares of Sally Beauty and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday. Buckingham Research dropped their price target on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. ValuEngine lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Sally Beauty has an average rating of “Hold” and a consensus target price of $18.27.
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Sally Beauty Company Profile
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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