FY2018 EPS Estimates for Sally Beauty Holdings, Inc. Raised by Analyst (SBH)
Sally Beauty Holdings, Inc. (NYSE:SBH) – Stock analysts at Jefferies Group upped their FY2018 earnings per share estimates for Sally Beauty Holdings in a research note issued on Wednesday. Jefferies Group analyst S. Wissink now expects that the specialty retailer will post earnings of $1.74 per share for the year, up from their prior estimate of $1.72. Jefferies Group also issued estimates for Sally Beauty Holdings’ Q4 2018 earnings at $0.48 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.65 EPS.
Several other equities analysts have also recently weighed in on the stock. Buckingham Research lowered their price objective on shares of Sally Beauty Holdings from $21.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Sally Beauty Holdings from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday. BidaskClub upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reiterated a “market perform” rating and set a $20.00 price objective (down from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. Finally, Robert W. Baird set a $24.00 price objective on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.27.
Sally Beauty Holdings (NYSE:SBH) opened at $15.44 on Monday. The stock has a market capitalization of $1,983.04, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.66. Sally Beauty Holdings has a twelve month low of $14.05 and a twelve month high of $27.71. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.42.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). The company had revenue of $974.20 million during the quarter, compared to the consensus estimate of $989.96 million. Sally Beauty Holdings had a net margin of 5.46% and a negative return on equity of 74.84%. Sally Beauty Holdings’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS.
Sally Beauty Holdings declared that its board has authorized a share buyback program on Thursday, August 31st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 40.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other Sally Beauty Holdings news, CEO Christian A. Brickman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $17.54 per share, for a total transaction of $350,800.00. Following the completion of the acquisition, the chief executive officer now owns 182,543 shares of the company’s stock, valued at approximately $3,201,804.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.97% of the company’s stock.
A number of large investors have recently modified their holdings of SBH. US Bancorp DE boosted its holdings 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 worth $103,000 after purchasing an additional 3,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Sally Beauty Holdings by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 559 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Sally Beauty Holdings by 37.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after acquiring an additional 2,125 shares during the last quarter. Flinton Capital Management LLC lifted its position in Sally Beauty Holdings by 86.8% during the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock worth $161,000 after acquiring an additional 3,696 shares during the last quarter. Finally, Invictus RG acquired a new position in Sally Beauty Holdings during the 3rd quarter worth $202,000.
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.
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