Sally Beauty Holdings, Inc. (NYSE:SBH) – Research analysts at KeyCorp raised their FY2017 EPS estimates for shares of Sally Beauty Holdings in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Gere now expects that the specialty retailer will earn $1.84 per share for the year, up from their previous estimate of $1.78. KeyCorp also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $2.04 EPS.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share.

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Several other research analysts have also recently issued reports on SBH. Robert W. Baird set a $26.00 target price on shares of Sally Beauty Holdings and gave the company a “buy” rating in a report on Saturday, May 6th. BidaskClub upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets set a $21.00 target price on shares of Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday. DA Davidson restated a “buy” rating and issued a $23.00 target price on shares of Sally Beauty Holdings in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.22.

Sally Beauty Holdings (NYSE SBH) opened at 20.80 on Monday. The stock has a market cap of $2.88 billion, a PE ratio of 12.90 and a beta of 0.65. The firm has a 50 day moving average of $19.73 and a 200-day moving average of $20.55. Sally Beauty Holdings has a 12-month low of $17.26 and a 12-month high of $30.17.

In other Sally Beauty Holdings news, insider Robert R. Mcmaster purchased 5,500 shares of Sally Beauty Holdings stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the transaction, the insider now directly owns 40,630 shares in the company, valued at $732,558.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christian A. Brickman acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $17.61 per share, with a total value of $176,100.00. Following the transaction, the chief executive officer now owns 152,743 shares in the company, valued at approximately $2,689,804.23. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 51,750 shares of company stock valued at $932,060. 0.97% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock worth $233,521,000 after buying an additional 11,339,645 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sally Beauty Holdings by 4.6% in the first quarter. Vanguard Group Inc. now owns 11,330,251 shares of the specialty retailer’s stock worth $231,591,000 after buying an additional 501,039 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Sally Beauty Holdings by 79.9% in the first quarter. Nordea Investment Management AB now owns 4,856,164 shares of the specialty retailer’s stock worth $99,260,000 after buying an additional 2,156,191 shares during the last quarter. State Street Corp increased its position in shares of Sally Beauty Holdings by 2.7% in the first quarter. State Street Corp now owns 4,024,561 shares of the specialty retailer’s stock worth $82,261,000 after buying an additional 105,076 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in shares of Sally Beauty Holdings by 19.1% in the first quarter. Champlain Investment Partners LLC now owns 3,353,710 shares of the specialty retailer’s stock worth $68,550,000 after buying an additional 538,740 shares during the last quarter.

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.

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

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