KeyCorp Research Analysts Lift Earnings Estimates for Sally Beauty Holdings, Inc. (SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) – Investment analysts at KeyCorp increased their Q2 2018 earnings per share (EPS) estimates for shares of Sally Beauty in a note issued to investors on Thursday. KeyCorp analyst J. Gere now expects that the specialty retailer will earn $0.58 per share for the quarter, up from their prior forecast of $0.50. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sally Beauty’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.67 EPS.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million during the quarter, compared to analyst estimates of $990.18 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue was down .5% on a year-over-year basis.

Several other brokerages have also issued reports on SBH. Nomura decreased their price target on shares of Sally Beauty from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Buckingham Research decreased their price target on shares of Sally Beauty from $21.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Robert W. Baird set a $21.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a report on Friday, December 22nd. Finally, BMO Capital Markets set a $18.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Sally Beauty has a consensus rating of “Hold” and an average target price of $17.50.

Sally Beauty (SBH) opened at $16.97 on Monday. Sally Beauty has a fifty-two week low of $14.05 and a fifty-two week high of $23.83. The stock has a market cap of $2,123.00, a price-to-earnings ratio of 9.38, a PEG ratio of 1.64 and a beta of 0.42. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.42.

In related news, Director Edward W. Rabin bought 3,750 shares of Sally Beauty stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $15.49 per share, with a total value of $58,087.50. Following the purchase, the director now owns 14,351 shares in the company, valued at $222,296.99. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.97% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in Sally Beauty by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 6,169,915 shares of the specialty retailer’s stock worth $120,807,000 after purchasing an additional 112,801 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Sally Beauty by 10.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 5,666,809 shares of the specialty retailer’s stock worth $110,956,000 after purchasing an additional 518,520 shares during the period. State Street Corp boosted its stake in Sally Beauty by 0.4% in the 2nd quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock worth $81,789,000 after purchasing an additional 14,768 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Sally Beauty by 21.6% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 3,110,584 shares of the specialty retailer’s stock worth $60,905,000 after purchasing an additional 553,203 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Sally Beauty by 3.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,565,526 shares of the specialty retailer’s stock worth $50,233,000 after purchasing an additional 85,660 shares during the period.

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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.

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

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