Oppenheimer Holdings Weighs in on Sally Beauty Holdings, Inc.’s Q1 2018 Earnings (SBH)
Sally Beauty Holdings, Inc. (NYSE:SBH) – Research analysts at Oppenheimer Holdings issued their Q1 2018 EPS estimates for Sally Beauty Holdings in a note issued to investors on Friday. Oppenheimer Holdings analyst R. Parikh forecasts that the specialty retailer will post earnings of $0.41 per share for the quarter. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Sally Beauty Holdings’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.90 EPS.
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Several other brokerages also recently commented on SBH. Wells Fargo & Company reiterated a “market perform” rating and set a $20.00 price target (down previously from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Sally Beauty Holdings in a report on Monday, October 16th. Zacks Investment Research downgraded Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, DA Davidson reiterated a “neutral” rating and set a $21.00 price target (down previously from $23.00) on shares of Sally Beauty Holdings in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.00.
Sally Beauty Holdings (NYSE:SBH) opened at $15.14 on Monday. Sally Beauty Holdings has a twelve month low of $14.22 and a twelve month high of $30.17. The company has a current ratio of 2.18, a quick ratio of 0.43 and a debt-to-equity ratio of -5.07. The company has a market capitalization of $2,129.57, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.66.
A number of institutional investors and hedge funds have recently bought and sold shares of SBH. Teachers Advisors LLC boosted its stake in Sally Beauty Holdings by 2.2% during the first quarter. Teachers Advisors LLC now owns 144,610 shares of the specialty retailer’s stock worth $2,956,000 after buying an additional 3,105 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Sally Beauty Holdings by 37.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Sally Beauty Holdings by 17.7% during the first quarter. Dimensional Fund Advisors LP now owns 801,616 shares of the specialty retailer’s stock worth $16,384,000 after buying an additional 120,591 shares in the last quarter. UBS Group AG boosted its stake in Sally Beauty Holdings by 7.5% during the first quarter. UBS Group AG now owns 42,487 shares of the specialty retailer’s stock worth $869,000 after buying an additional 2,964 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Sally Beauty Holdings during the first quarter worth $11,336,000.
In other Sally Beauty Holdings news, Director Edward W. Rabin purchased 4,250 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the completion of the purchase, the director now directly owns 16,653 shares of the company’s stock, valued at $300,753.18. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christian A. Brickman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the purchase, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 34,250 shares of company stock worth $606,555. 0.97% of the stock is currently owned by corporate insiders.
Sally Beauty Holdings declared that its Board of Directors has initiated a share buyback plan on Thursday, August 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
About Sally Beauty Holdings
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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