Sally Beauty Holdings, Inc. (NYSE:SBH) – Jefferies Group lowered their Q1 2018 earnings per share estimates for Sally Beauty Holdings in a research report issued on Wednesday. Jefferies Group analyst S. Wissink now expects that the specialty retailer will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.42. Jefferies Group also issued estimates for Sally Beauty Holdings’ Q1 2019 earnings at $0.38 EPS.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). The firm had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $989.96 million. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share.

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A number of other research firms have also weighed in on SBH. BidaskClub upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Wells Fargo & Company reiterated 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. BMO Capital Markets set a $21.00 target price on shares of Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 13th. Finally, Cowen and Company reiterated a “buy” rating and set a $24.00 target price on shares of Sally Beauty Holdings in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.27.

Shares of Sally Beauty Holdings (NYSE:SBH) opened at $15.44 on Friday. The company has a debt-to-equity ratio of -5.07, a quick ratio of 0.43 and a current ratio of 2.18. The firm has a market cap of $2,058.63, a PE ratio of 8.90, a PEG ratio of 1.43 and a beta of 0.66. Sally Beauty Holdings has a 1-year low of $14.05 and a 1-year high of $27.71.

Sally Beauty Holdings announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 31st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 40.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward W. Rabin bought 4,250 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $18.06 per share, with a total value of $76,755.00. Following the purchase, the director now directly owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its stake in shares of Sally Beauty Holdings by 227.6% during the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 3,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sally Beauty Holdings by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 559 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $158,000 after purchasing an additional 2,125 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Sally Beauty Holdings by 86.8% during the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 3,696 shares in the last quarter. Finally, Invictus RG bought a new position in shares of Sally Beauty Holdings during the third quarter valued at approximately $202,000.

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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