Oppenheimer Research Analysts Reduce Earnings Estimates for Sally Beauty Holdings, Inc. (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) – Investment analysts at Oppenheimer decreased their Q1 2020 earnings per share estimates for shares of Sally Beauty in a report released on Tuesday, November 19th. Oppenheimer analyst R. Parikh now forecasts that the specialty retailer will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.57. Oppenheimer also issued estimates for Sally Beauty’s Q3 2020 earnings at $0.64 EPS.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $965.94 million during the quarter, compared to the consensus estimate of $955.06 million. Sally Beauty had a net margin of 7.01% and a negative return on equity of 189.31%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share.

Several other research analysts also recently issued reports on SBH. ValuEngine downgraded shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. DA Davidson downgraded shares of Sally Beauty from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $12.50 to $15.00 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.83.

Shares of NYSE:SBH opened at $18.64 on Wednesday. The company has a fifty day moving average of $16.58 and a 200-day moving average of $14.59. The company has a market capitalization of $2.29 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.46. Sally Beauty has a 52-week low of $11.46 and a 52-week high of $21.98.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Sally Beauty by 0.6% in the second quarter. BlackRock Inc. now owns 14,286,208 shares of the specialty retailer’s stock worth $190,576,000 after purchasing an additional 88,389 shares during the last quarter. LSV Asset Management raised its holdings in shares of Sally Beauty by 3.5% in the 2nd quarter. LSV Asset Management now owns 3,343,545 shares of the specialty retailer’s stock worth $44,602,000 after acquiring an additional 114,000 shares during the last quarter. Ardevora Asset Management LLP raised its holdings in shares of Sally Beauty by 9.6% in the 3rd quarter. Ardevora Asset Management LLP now owns 3,034,600 shares of the specialty retailer’s stock worth $45,185,000 after acquiring an additional 265,400 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Sally Beauty by 225.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,394,550 shares of the specialty retailer’s stock worth $31,943,000 after acquiring an additional 1,659,403 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Sally Beauty by 2.6% in the 2nd quarter. Northern Trust Corp now owns 2,198,768 shares of the specialty retailer’s stock worth $29,332,000 after acquiring an additional 55,670 shares during the last quarter.

In related news, Director John A. Miller purchased 40,500 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $494,505.00. Following the completion of the acquisition, the director now owns 51,873 shares of the company’s stock, valued at $633,369.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.04% of the stock is currently owned by corporate insiders.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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