Sally Beauty Holdings, Inc. (NYSE:SBH) – Analysts at DA Davidson boosted their FY2017 earnings per share estimates for shares of Sally Beauty Holdings in a research report issued to clients and investors on Monday. DA Davidson analyst L. Weiser now forecasts that the specialty retailer will post earnings per share of $1.83 for the year, up from their previous estimate of $1.76. DA Davidson has a “Buy” rating and a $23.00 price target on the stock. DA Davidson also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.01 EPS.

Several other research firms have also commented on SBH. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating for the company. BMO Capital Markets set a $21.00 price objective on shares of Sally Beauty Holdings and gave the company a “hold” rating in a research report on Saturday. Zacks Investment Research lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. BidaskClub upgraded shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Robert W. Baird set a $26.00 price objective on shares of Sally Beauty Holdings and gave the company a “buy” rating in a research report on Saturday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Sally Beauty Holdings currently has an average rating of “Hold” and an average price target of $25.22.

COPYRIGHT VIOLATION NOTICE: “DA Davidson Analysts Boost Earnings Estimates for Sally Beauty Holdings, Inc. (NYSE:SBH)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/08/08/da-davidson-analysts-boost-earnings-estimates-for-sally-beauty-holdings-inc-nysesbh.html.

Sally Beauty Holdings (NYSE SBH) opened at 21.14 on Tuesday. The company 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. The stock has a market cap of $2.93 billion, a PE ratio of 13.11 and a beta of 0.65.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $998.04 million for 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 firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS.

In other news, CEO Christian A. Brickman bought 10,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $176,100.00. Following the acquisition, the chief executive officer now owns 152,743 shares of the company’s stock, valued at $2,689,804.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Miller bought 20,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was purchased at an average price of $18.35 per share, with a total value of $367,000.00. Following the acquisition, the director now directly owns 39,802 shares in the company, valued at approximately $730,366.70. The disclosure for this purchase can be found here. Insiders bought a total of 51,750 shares of company stock valued at $932,060 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SBH. US Bancorp DE raised its stake in Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares during the period. Meadow Creek Investment Management LLC raised its stake in Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 616 shares during the period. Cutler Group LP raised its stake in Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 5,447 shares during the period. Glen Harbor Capital Management LLC raised its stake in Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 784 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after buying an additional 2,125 shares during the period.

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)

Receive News & Ratings for Sally Beauty Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.