Wall Street analysts predict that Sally Beauty Holdings, Inc. (NYSE:SBH) will post sales of $957.29 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Sally Beauty’s earnings. The highest sales estimate is $965.00 million and the lowest is $952.00 million. Sally Beauty posted sales of $966.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The business is scheduled to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Sally Beauty will report full year sales of $3.87 billion for the current financial year, with estimates ranging from $3.86 billion to $3.88 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.85 billion, with estimates ranging from $3.82 billion to $3.91 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Sally Beauty had a negative return on equity of 151.31% and a net margin of 6.65%. The firm had revenue of $975.20 million for the quarter, compared to analyst estimates of $986.27 million. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis.

A number of analysts have issued reports on SBH shares. Zacks Investment Research raised Sally Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. DA Davidson boosted their price target on Sally Beauty from $14.00 to $16.50 and gave the company an “add” rating in a report on Tuesday, June 25th. BMO Capital Markets upgraded Sally Beauty to a “market perform” rating and set a $17.00 price target for the company in a report on Friday, May 3rd. Jefferies Financial Group upgraded Sally Beauty from an “underperform” rating to a “hold” rating and lowered their price target for the company from $14.00 to $12.00 in a report on Friday, July 12th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Sally Beauty from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.08.

In related news, Director Edward W. Rabin acquired 7,000 shares of Sally Beauty stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $13.25 per share, for a total transaction of $92,750.00. Following the transaction, the director now directly owns 19,732 shares of the company’s stock, valued at approximately $261,449. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christian A. Brickman acquired 5,000 shares of Sally Beauty stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $14.93 per share, with a total value of $74,650.00. Following the transaction, the chief executive officer now directly owns 360,332 shares in the company, valued at $5,379,756.76. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,500 shares of company stock valued at $189,795 in the last 90 days. Insiders own 1.04% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SBH. Two Sigma Advisers LP acquired a new position in Sally Beauty during the fourth quarter worth about $1,748,000. Thrivent Financial for Lutherans increased its position in shares of Sally Beauty by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 30,507 shares of the specialty retailer’s stock worth $520,000 after acquiring an additional 1,060 shares in the last quarter. Legal & General Group Plc increased its position in shares of Sally Beauty by 3.6% in the fourth quarter. Legal & General Group Plc now owns 187,719 shares of the specialty retailer’s stock worth $3,200,000 after acquiring an additional 6,515 shares in the last quarter. Millennium Management LLC increased its position in shares of Sally Beauty by 116.1% in the fourth quarter. Millennium Management LLC now owns 484,007 shares of the specialty retailer’s stock worth $8,252,000 after acquiring an additional 260,042 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Sally Beauty by 16.9% in the fourth quarter. Amalgamated Bank now owns 17,764 shares of the specialty retailer’s stock worth $303,000 after acquiring an additional 2,566 shares in the last quarter.

NYSE:SBH traded up $0.23 during mid-day trading on Thursday, reaching $13.56. The company’s stock had a trading volume of 1,541,018 shares, compared to its average volume of 1,813,937. The stock’s fifty day moving average price is $12.63. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61. The company has a market cap of $1.59 billion, a PE ratio of 6.28, a P/E/G ratio of 1.99 and a beta of 0.44.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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