KeyCorp Weighs in on Sally Beauty Holdings Inc.’s Q1 2017 Earnings (SBH)
Sally Beauty Holdings Inc. (NYSE:SBH) – Research analysts at KeyCorp lowered their Q1 2017 EPS estimates for Sally Beauty Holdings in a report released on Tuesday. KeyCorp analyst J. Gere now expects that the firm will earn $0.44 per share for the quarter, down from their prior forecast of $0.46. KeyCorp has a “Overweight” rating and a $30.00 price target on the stock. KeyCorp also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.82 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $2.00 EPS.
Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Sally Beauty Holdings had a net margin of 5.75% and a negative return on equity of 81.78%. The firm had revenue of $976.40 million for the quarter, compared to analyst estimates of $989.05 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year.
A number of other brokerages have also recently commented on SBH. B. Riley reiterated a “neutral” rating and issued a $30.00 target price on shares of Sally Beauty Holdings in a research report on Sunday, August 14th. Zacks Investment Research cut shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $35.00 target price on shares of Sally Beauty Holdings in a research report on Thursday, September 15th. Piper Jaffray Cos. reiterated a “hold” rating and issued a $27.00 target price on shares of Sally Beauty Holdings in a research report on Friday, September 30th. Finally, Cowen and Company set a $29.00 target price on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Sally Beauty Holdings presently has a consensus rating of “Hold” and an average price target of $30.85.
Shares of Sally Beauty Holdings (NYSE:SBH) traded up 2.982% during trading on Thursday, hitting $26.765. 2,350,061 shares of the stock traded hands. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 17.855 and a beta of 0.67. Sally Beauty Holdings has a 12 month low of $23.72 and a 12 month high of $32.93. The company has a 50 day moving average price of $26.08 and a 200 day moving average price of $27.94.
A number of large investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Sally Beauty Holdings by 288.8% in the third quarter. BlackRock Fund Advisors now owns 5,304,422 shares of the company’s stock valued at $136,218,000 after buying an additional 3,940,270 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Sally Beauty Holdings by 203.3% in the second quarter. Point72 Asset Management L.P. now owns 3,653,300 shares of the company’s stock valued at $107,444,000 after buying an additional 2,448,900 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Sally Beauty Holdings by 19.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 13,783,467 shares of the company’s stock valued at $405,372,000 after buying an additional 2,227,625 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Sally Beauty Holdings during the third quarter valued at approximately $44,552,000. Finally, Eaton Vance Management raised its stake in Sally Beauty Holdings by 339.1% in the second quarter. Eaton Vance Management now owns 1,942,858 shares of the company’s stock valued at $57,139,000 after buying an additional 1,500,384 shares during the last quarter.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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