Sally Beauty (SBH) Announces Earnings Results, Beats Expectations By $0.26 EPS
Sally Beauty (NYSE:SBH) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.26, Bloomberg Earnings reports. The business had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. Sally Beauty’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share.
Sally Beauty (SBH) opened at $16.61 on Friday. The firm has a market capitalization of $1,958.64, a price-to-earnings ratio of 10.72, a PEG ratio of 1.47 and a beta of 0.42. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $23.84. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.42.
SBH has been the subject of a number of recent research reports. Buckingham Research decreased their target price on Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp reissued a “hold” rating on shares of Sally Beauty in a research report on Friday, November 24th. Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a research report on Wednesday, January 31st. Finally, DA Davidson downgraded Sally Beauty from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $16.00 in a research report on Sunday, November 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.36.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC grew its position in shares of Sally Beauty by 86.8% in 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. State of Alaska Department of Revenue purchased a new position in shares of Sally Beauty in the fourth quarter valued at $185,000. GSA Capital Partners LLP purchased a new position in shares of Sally Beauty in the third quarter valued at $197,000. Invictus RG purchased a new position in shares of Sally Beauty in the third quarter valued at $202,000. Finally, M&T Bank Corp grew its position in shares of Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 65 shares in the last quarter.
About Sally Beauty
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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