Sally Beauty Holdings Inc. (NYSE:SBH) – Oppenheimer Holdings reduced their Q1 2017 earnings estimates for shares of Sally Beauty Holdings in a note issued to investors on Tuesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the firm will earn $0.43 per share for the quarter, down from their prior forecast of $0.44. Oppenheimer Holdings currently has a “Outperform” rating and a $29.00 target price on the stock. Oppenheimer Holdings also issued estimates for Sally Beauty Holdings’ Q3 2017 earnings at $0.48 EPS, Q4 2017 earnings at $0.44 EPS and FY2018 earnings at $1.95 EPS.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Tuesday, November 15th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The business earned $976.40 million during the quarter, compared to the consensus estimate of $989.05 million. During the same period in the prior year, the business posted $0.38 earnings per share. Sally Beauty Holdings’s revenue was up 1.3% compared to the same quarter last year.

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

A number of other research firms have also recently weighed in on SBH. B. Riley reaffirmed a “neutral” rating and set a $30.00 price target on shares of Sally Beauty Holdings in a report on Sunday, August 14th. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 price target on shares of Sally Beauty Holdings in a report on Friday, September 30th. Cowen and Company set a $29.00 price target on Sally Beauty Holdings and gave the company a “buy” rating in a report on Thursday, September 29th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $32.00 price target (down from $34.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.85.

Sally Beauty Holdings (NYSE:SBH) opened at 25.99 on Wednesday. Sally Beauty Holdings has a 52-week low of $23.72 and a 52-week high of $32.93. The company’s 50-day moving average price is $26.08 and its 200 day moving average price is $27.94. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.34 and a beta of 0.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IBM Retirement Fund raised its position in Sally Beauty Holdings by 0.5% in the second quarter. IBM Retirement Fund now owns 14,770 shares of the company’s stock valued at $434,000 after buying an additional 77 shares in the last quarter. First Quadrant L P CA raised its position in Sally Beauty Holdings by 1.1% in the second quarter. First Quadrant L P CA now owns 537,900 shares of the company’s stock valued at $15,820,000 after buying an additional 5,600 shares in the last quarter. State of Alaska Department of Revenue raised its position in Sally Beauty Holdings by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 18,397 shares of the company’s stock valued at $541,000 after buying an additional 1,276 shares in the last quarter. Nordea Investment Management AB raised its position in Sally Beauty Holdings by 3.6% in the second quarter. Nordea Investment Management AB now owns 1,514,359 shares of the company’s stock valued at $44,537,000 after buying an additional 52,586 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Sally Beauty Holdings by 37.6% in the second quarter. Eagle Asset Management Inc. now owns 1,206,097 shares of the company’s stock valued at $35,471,000 after buying an additional 329,806 shares in the last quarter.

Sally Beauty Holdings Company Profile

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.

5 Day Chart for NYSE:SBH

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