Sally Beauty (SBH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Sally Beauty (NYSE:SBH) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03, MarketWatch Earnings reports. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $965.98 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year.

Shares of NYSE SBH traded up $3.80 during mid-day trading on Thursday, reaching $22.59. The company had a trading volume of 801,024 shares, compared to its average volume of 1,900,408. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.82 and a beta of 0.19. Sally Beauty has a 1-year low of $13.72 and a 1-year high of $19.17.

SBH has been the topic of a number of research reports. Zacks Investment Research raised Sally Beauty from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, October 9th. BMO Capital Markets dropped their price objective on Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 6th. Jefferies Financial Group set a $14.00 price objective on Sally Beauty and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Bank of America boosted their price objective on Sally Beauty from $14.00 to $16.00 and gave the stock a “sell” rating in a research note on Thursday, October 4th. Finally, ValuEngine raised Sally Beauty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.00.

In related news, CEO Christian A. Brickman bought 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the acquisition, the chief executive officer now directly owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Sally Beauty during the second quarter valued at $103,000. BlueMountain Capital Management LLC purchased a new position in shares of Sally Beauty during the second quarter valued at $106,000. Hartford Investment Management Co. purchased a new position in shares of Sally Beauty during the second quarter valued at $197,000. Greenleaf Trust purchased a new position in shares of Sally Beauty during the second quarter valued at $204,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Sally Beauty during the third quarter valued at $234,000.

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Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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Earnings History for Sally Beauty (NYSE:SBH)

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