B. Riley Equities Analysts Boost Earnings Estimates for Sally Beauty Holdings Inc. (SBH)
Sally Beauty Holdings Inc. (NYSE:SBH) – Stock analysts at B. Riley lifted their Q1 2017 earnings estimates for Sally Beauty Holdings in a research report issued to clients and investors on Wednesday. B. Riley analyst L. Weiser now anticipates that the firm will earn $0.46 per share for the quarter, up from their prior estimate of $0.45. B. Riley currently has a “Neutral” rating and a $29.00 target price on the stock. B. Riley also issued estimates for Sally Beauty Holdings’ Q2 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.45 EPS, FY2017 earnings at $1.84 EPS and FY2018 earnings at $1.98 EPS.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company earned $976.40 million during the quarter, compared to analyst estimates of $989.05 million. Sally Beauty Holdings had a net margin of 5.64% and a negative return on equity of 83.65%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup Inc. downgraded shares of Sally Beauty Holdings to an “underperform” rating in a report on Tuesday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $29.00 target price (down previously from $35.00) on shares of Sally Beauty Holdings in a report on Wednesday, November 2nd. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 target price on shares of Sally Beauty Holdings in a 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 report on Thursday, September 29th. One 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 stock currently has a consensus rating of “Hold” and an average target price of $30.85.
Shares of Sally Beauty Holdings (NYSE:SBH) opened at 26.22 on Thursday. The stock’s 50 day moving average is $26.15 and its 200 day moving average is $28.06. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 17.49 and a beta of 0.67. Sally Beauty Holdings has a 12-month low of $23.42 and a 12-month high of $32.93.
Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sally Beauty Holdings by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,868 shares of the company’s stock valued at $125,000 after buying an additional 557 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sally Beauty Holdings during the third quarter valued at approximately $132,000. Pacer Advisors Inc. boosted its position in shares of Sally Beauty Holdings by 7.3% in the third quarter. Pacer Advisors Inc. now owns 7,595 shares of the company’s stock valued at $195,000 after buying an additional 520 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new position in shares of Sally Beauty Holdings during the third quarter valued at approximately $201,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of Sally Beauty Holdings during the second quarter valued at approximately $205,000.
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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