Jefferies Group Weighs in on Sally Beauty Holdings, Inc.’s Q1 2018 Earnings (SBH)
Sally Beauty Holdings, Inc. (NYSE:SBH) – Jefferies Group dropped their Q1 2018 EPS estimates for Sally Beauty Holdings in a report released on Wednesday. Jefferies Group analyst S. Wissink now anticipates that the specialty retailer will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.42. Jefferies Group also issued estimates for Sally Beauty Holdings’ Q1 2019 earnings at $0.38 EPS.
A number of other brokerages have also issued reports on SBH. DA Davidson reaffirmed a “buy” rating and set a $23.00 price objective on shares of Sally Beauty Holdings in a report on Monday, July 24th. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets set a $21.00 price objective on shares of Sally Beauty Holdings and gave the company a “hold” rating in a report on Saturday, August 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $20.00 price objective (down from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.27.
Sally Beauty Holdings (NYSE SBH) traded down $0.02 during midday trading on Friday, reaching $15.44. 2,524,727 shares of the company’s stock were exchanged, compared to its average volume of 2,285,981. Sally Beauty Holdings has a 12 month low of $14.05 and a 12 month high of $27.71. The company has a market cap of $2,058.63, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.43 and a beta of 0.66. The company has a debt-to-equity ratio of -5.07, a quick ratio of 0.43 and a current ratio of 2.18.
Sally Beauty Holdings (NYSE:SBH) last released its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The firm had revenue of $974.20 million for the quarter, compared to the consensus estimate of $989.96 million. During the same quarter in the previous year, the business posted $0.41 EPS. Sally Beauty Holdings’s revenue was down .2% on a year-over-year basis.
Sally Beauty Holdings announced that its board has authorized a stock repurchase program on Thursday, August 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 40.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
In other news, Director Edward W. Rabin acquired 4,250 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $18.06 per share, with a total value of $76,755.00. Following the completion of the purchase, the director now directly owns 16,653 shares of the company’s stock, valued at $300,753.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christian A. Brickman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The disclosure for this purchase can be found here. 0.97% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC bought a new stake in shares of Sally Beauty Holdings during the second quarter worth $179,760,000. Burgundy Asset Management Ltd. bought a new stake in shares of Sally Beauty Holdings during the second quarter worth $51,787,000. Balyasny Asset Management LLC lifted its position in shares of Sally Beauty Holdings by 3,189.1% during the second quarter. Balyasny Asset Management LLC now owns 1,849,439 shares of the specialty retailer’s stock worth $37,451,000 after purchasing an additional 1,793,210 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Sally Beauty Holdings during the second quarter worth $24,431,000. Finally, Nordea Investment Management AB lifted its position in shares of Sally Beauty Holdings by 24.7% during the second quarter. Nordea Investment Management AB now owns 6,057,114 shares of the specialty retailer’s stock worth $122,657,000 after purchasing an additional 1,200,950 shares during the last quarter.
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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