Sally Beauty Holdings (SBH) Getting Somewhat Favorable News Coverage, Analysis Finds
Media headlines about Sally Beauty Holdings (NYSE:SBH) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sally Beauty Holdings earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 44.538619294051 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Sally Beauty: Should Value Investors Consider SBH Stock? – Nasdaq (nasdaq.com)
- Sally Beauty Holdings’ (SBH) Hold Rating Reaffirmed at Oppenheimer Holdings, Inc. (americanbankingnews.com)
- Comparing Sally Beauty Holdings (SBH) & Its Peers (americanbankingnews.com)
- Sally Beauty Holdings, Inc. breached its 50 day moving average in a Bearish Manner : SBH-US : September 11, 2017 (finance.yahoo.com)
A number of research analysts recently issued reports on SBH shares. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a report on Friday, June 2nd. They set a “hold” rating for the company. ValuEngine cut shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research cut shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, DA Davidson started coverage on shares of Sally Beauty Holdings in a report on Thursday, July 6th. They set a “neutral” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.50.
Sally Beauty Holdings (SBH) opened at 20.19 on Friday. Sally Beauty Holdings has a 12-month low of $17.26 and a 12-month high of $30.17. The firm has a market cap of $2.68 billion, a PE ratio of 12.33 and a beta of 0.66. The stock has a 50 day moving average of $19.55 and a 200 day moving average of $19.66.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. Sally Beauty Holdings’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Sally Beauty Holdings will post $1.82 EPS for the current fiscal year.
Sally Beauty Holdings announced that its board has authorized a stock repurchase plan on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 40.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Sally Beauty Holdings news, Director Edward W. Rabin purchased 4,250 shares of Sally Beauty Holdings stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $18.06 per share, with a total value of $76,755.00. Following the transaction, the director now owns 16,653 shares in the company, valued at approximately $300,753.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christian A. Brickman purchased 20,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of $17.54 per share, with a total value of $350,800.00. Following the transaction, the chief executive officer now owns 182,543 shares in the company, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Insiders bought a total of 34,250 shares of company stock valued at $606,555 in the last quarter. 0.97% of the stock is currently owned by company insiders.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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