Sally Beauty Holdings (SBH) Receiving Somewhat Positive News Coverage, Accern Reports
Media coverage about Sally Beauty Holdings (NYSE:SBH) has been trending somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sally Beauty Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 47.370444322346 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- $991.77 Million in Sales Expected for Sally Beauty Holdings, Inc. (SBH) This Quarter (americanbankingnews.com)
- Investor are paying less for Sally Beauty Holdings, Inc. (SBH) ? – Street Observer (press release) (streetobserver.com)
- Sally Beauty Holdings Inc (SBH) Sees VMA Increase Over Past 7 Sessions – Financial News Review (finnewsreview.com)
- Top Ranked Momentum Stocks to Buy for August 16th (finance.yahoo.com)
- DICK'S Sporting (DKS) Q2 Earnings Miss, Revenues In Line (finance.yahoo.com)
Several equities analysts have weighed in on SBH shares. Wells Fargo & Company restated a “market perform” rating and set a $20.00 target price (down from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a report on Friday, June 2nd. They set a “hold” rating for the company. BMO Capital Markets set a $21.00 target price on shares of Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Finally, BidaskClub upgraded shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.70.
Shares of Sally Beauty Holdings (SBH) opened at 19.42 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 11.86 and a beta of 0.65. Sally Beauty Holdings has a one year low of $17.26 and a one year high of $30.17. The stock’s 50 day moving average is $20.00 and its 200-day moving average is $20.22.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The company had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts expect that Sally Beauty Holdings will post $1.82 EPS for the current year.
In other news, insider Robert R. Mcmaster acquired 5,500 shares of Sally Beauty Holdings stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $18.03 per share, with a total value of $99,165.00. Following the completion of the purchase, the insider now owns 40,630 shares of the company’s stock, valued at $732,558.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Miller acquired 20,000 shares of Sally Beauty Holdings stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $18.35 per share, with a total value of $367,000.00. Following the completion of the purchase, the director now directly owns 39,802 shares of the company’s stock, valued at approximately $730,366.70. The disclosure for this purchase can be found here. Insiders have acquired 51,750 shares of company stock valued at $932,060 over the last ninety days. Insiders own 0.97% of the company’s stock.
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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.
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