Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sally Beauty Holdings (SBH) Stock Price
News headlines about Sally Beauty Holdings (NYSE:SBH) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sally Beauty Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 44.9989154525673 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Analysts Ratings for Sally Beauty Holdings Inc. (SBH) – DeathRattleSports.com (deathrattlesports.com)
- Sally Beauty Holdings, Inc. (SBH) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Why Sally Beauty Holdings, Inc. (SBH) Shares Are Sinking Today – Yahoo Finance (finance.yahoo.com)
- Fishtailing Stocks: Sally Beauty Holdings, Inc., (NYSE: SBH), Sirius XM Holdings Inc., (NASDAQ: SIRI) – Stocks In The News (press release) (tradingnewsnow.com)
- Sally Beauty Holdings, Inc. (SBH) Emphasize Move in Focus After Ratio Analysis- Dick’s Sporting Goods, Inc. (DKS) – Investing News Update (investingbizz.com)
SBH has been the topic of a number of research analyst reports. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. DA Davidson initiated coverage on Sally Beauty Holdings in a report on Thursday, July 6th. They issued a “neutral” rating and a $23.00 target price on the stock. BMO Capital Markets set a $21.00 target price on Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $20.00 target price (down previously from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.67.
Sally Beauty Holdings (NYSE SBH) traded up 1.27% during midday trading on Monday, hitting $17.55. The company had a trading volume of 312,218 shares. Sally Beauty Holdings has a 52 week low of $16.35 and a 52 week high of $30.17. The firm’s 50 day moving average is $19.26 and its 200-day moving average is $19.36. The firm has a market capitalization of $2.33 billion, a P/E ratio of 10.71 and a beta of 0.70.
Sally Beauty Holdings (NYSE:SBH) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million for the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts expect that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year.
Sally Beauty Holdings declared that its board has approved a share buyback plan on Thursday, August 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 40.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other Sally Beauty Holdings news, CEO Christian A. Brickman purchased 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $17.90 per share, for a total transaction of $179,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,543 shares in the company, valued at approximately $3,088,519.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward W. Rabin purchased 4,250 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $18.06 per share, with a total value of $76,755.00. Following the completion of the transaction, the director now owns 16,653 shares of the company’s stock, valued at $300,753.18. The disclosure for this purchase can be found here. In the last three months, insiders purchased 34,250 shares of company stock worth $606,555. 0.97% of the stock is owned by insiders.
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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