Sally Beauty Holdings, Inc. (NYSE:SBH) – Oppenheimer Holdings raised their FY2017 earnings per share estimates for Sally Beauty Holdings in a research report issued on Thursday. Oppenheimer Holdings analyst R. Parikh now forecasts that the specialty retailer will post earnings of $1.82 per share for the year, up from their previous estimate of $1.73. Oppenheimer Holdings also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.48 EPS and FY2018 earnings at $1.92 EPS.

SBH has been the subject of a number of other research reports. BidaskClub upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. DA Davidson reiterated a “buy” rating and set a $23.00 target price on shares of Sally Beauty Holdings in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine cut shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird set a $26.00 target price on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Saturday, May 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.44.

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Sally Beauty Holdings (NYSE:SBH) opened at 20.80 on Friday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 12.90 and a beta of 0.65. The firm’s 50-day moving average is $19.73 and its 200-day moving average is $20.55. Sally Beauty Holdings has a 1-year low of $17.26 and a 1-year high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. Sally Beauty Holdings’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS.

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its position in Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in 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 valued at $120,000 after buying an additional 616 shares in the last quarter. Cutler Group LP increased its position in Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 5,447 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in 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 valued at $152,000 after buying an additional 784 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in 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 valued at $158,000 after buying an additional 2,125 shares in the last quarter.

In related news, Director Edward W. Rabin acquired 2,750 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were purchased at an average price of $17.70 per share, with a total value of $48,675.00. Following the acquisition, the director now directly owns 15,903 shares in the company, valued at $281,483.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Olen Haltom sold 3,060 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $20.00, for a total transaction of $61,200.00. Following the sale, the senior vice president now directly owns 6,999 shares in the company, valued at approximately $139,980. The disclosure for this sale can be found here. In the last three months, insiders have acquired 61,750 shares of company stock worth $1,130,860. Insiders own 0.97% of the company’s stock.

Sally Beauty Holdings 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.

Earnings History and Estimates for Sally Beauty Holdings (NYSE:SBH)

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