FY2017 EPS Estimates for Sally Beauty Holdings Inc. (SBH) Raised by Analyst
Sally Beauty Holdings Inc. (NYSE:SBH) – Oppenheimer Holdings lifted their FY2017 earnings per share estimates for shares of Sally Beauty Holdings in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the brokerage will post earnings of $1.77 per share for the year, up from their prior estimate of $1.75. Oppenheimer Holdings currently has a “Outperform” rating and a $29.00 target price on the stock.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Sally Beauty Holdings had a negative return on equity of 83.65% and a net margin of 5.64%. The company had revenue of $976.40 million for the quarter, compared to analyst estimates of $989.05 million. During the same period in the prior year, the company posted $0.38 EPS. Sally Beauty Holdings’s quarterly revenue was up 1.3% on a year-over-year basis.
Other equities analysts also recently issued research reports about the company. Cowen and Company set a $29.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Thursday, September 29th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Saturday, September 17th. 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. B. Riley reaffirmed a “neutral” rating and set a $29.00 price target on shares of Sally Beauty Holdings in a report on Wednesday. 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 given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.85.
Sally Beauty Holdings (NYSE:SBH) opened at 26.86 on Thursday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.92 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 firm has a 50 day moving average price of $26.05 and a 200-day moving average price of $27.93.
Several institutional investors have recently bought and sold shares of SBH. Geode Capital Management LLC increased its position in Sally Beauty Holdings by 2.3% in the first quarter. Geode Capital Management LLC now owns 903,791 shares of the company’s stock valued at $29,264,000 after buying an additional 20,636 shares during the period. Envestnet Asset Management Inc. increased its position in Sally Beauty Holdings by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 92,749 shares of the company’s stock valued at $3,003,000 after buying an additional 3,763 shares during the period. A.R.T. Advisors LLC increased its position in Sally Beauty Holdings by 254.1% in the first quarter. A.R.T. Advisors LLC now owns 71,074 shares of the company’s stock valued at $2,301,000 after buying an additional 51,000 shares during the period. Squarepoint Ops LLC bought a new position in Sally Beauty Holdings during the first quarter valued at approximately $1,279,000. Finally, Raymond James Trust N.A. increased its position in Sally Beauty Holdings by 9.9% in the second quarter. Raymond James Trust N.A. now owns 8,446 shares of the company’s stock valued at $249,000 after buying an additional 760 shares during the period.
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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