Gabelli Weighs in on Sally Beauty Holdings Inc.’s FY2017 Earnings (SBH)
Sally Beauty Holdings Inc. (NYSE:SBH) – Research analysts at Gabelli cut their FY2017 earnings estimates for Sally Beauty Holdings in a note issued to investors on Wednesday. Gabelli analyst S. Donnelly now expects that the firm will post earnings per share of $1.80 for the year, down from their previous estimate of $1.85. Gabelli also issued estimates for Sally Beauty Holdings’ FY2018 earnings at $2.00 EPS, FY2019 earnings at $2.15 EPS and FY2020 earnings at $2.35 EPS.
A number of other analysts also recently commented on the company. Cowen and Company set a $29.00 price objective on Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Thursday, September 29th. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. Piper Jaffray Cos. reiterated a “hold” rating and issued a $27.00 price objective on shares of Sally Beauty Holdings in a research report on Friday, September 30th. B. Riley reiterated a “neutral” rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a research report on Sunday, August 14th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $29.00 price objective (down previously from $35.00) on shares of Sally Beauty Holdings in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.85.
Sally Beauty Holdings (NYSE:SBH) opened at 26.86 on Thursday. The stock has a 50 day moving average price of $26.05 and a 200 day moving average price of $27.93. Sally Beauty Holdings has a 1-year low of $23.72 and a 1-year high of $32.93. The company has a market cap of $3.92 billion, a PE ratio of 17.92 and a beta of 0.67.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 earned $976.40 million during the quarter, compared to analysts’ expectations of $989.05 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cooke & Bieler LP raised its position in Sally Beauty Holdings by 48.3% in the second quarter. Cooke & Bieler LP now owns 1,214,399 shares of the company’s stock valued at $35,715,000 after buying an additional 395,266 shares in the last quarter. Sei Investments Co. raised its position in Sally Beauty Holdings by 2.3% in the second quarter. Sei Investments Co. now owns 949,018 shares of the company’s stock valued at $27,910,000 after buying an additional 21,641 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Sally Beauty Holdings by 5.4% in the second quarter. ST Germain D J Co. Inc. now owns 467,621 shares of the company’s stock valued at $13,753,000 after buying an additional 23,751 shares in the last quarter. Envestnet Asset Management Inc. raised 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 in the last quarter. Finally, Schroder Investment Management Group acquired a new position in Sally Beauty Holdings during the second quarter valued at $1,371,000.
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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