Somewhat Positive News Coverage Somewhat Unlikely to Impact Sally Beauty (NYSE:SBH) Share Price

Media headlines about Sally Beauty (NYSE:SBH) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sally Beauty earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.8534096506764 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of SBH opened at $14.35 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of 7.97, a P/E/G ratio of 1.19 and a beta of 0.34. The company has a debt-to-equity ratio of -5.42, a quick ratio of 0.39 and a current ratio of 2.12. Sally Beauty has a 1-year low of $13.72 and a 1-year high of $20.62.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 2nd. The specialty retailer reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The business had revenue of $996.28 million for the quarter, compared to analyst estimates of $995.30 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Sally Beauty’s quarterly revenue was down .2% on a year-over-year basis. research analysts expect that Sally Beauty will post 2.13 EPS for the current year.

Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 6th. Morgan Stanley lowered their price objective on shares of Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, August 6th. Jefferies Financial Group set a $14.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research report on Thursday, August 2nd. Finally, beau cut shares of Sally Beauty from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $15.00 in a research report on Tuesday, July 17th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $15.73.

In other news, CFO Aaron E. Alt bought 4,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was acquired at an average cost of $14.07 per share, with a total value of $56,280.00. Following the completion of the acquisition, the chief financial officer now owns 69,619 shares of the company’s stock, valued at $979,539.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aaron E. Alt bought 3,500 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was purchased at an average cost of $15.10 per share, with a total value of $52,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,500 shares of the company’s stock, valued at approximately $52,850. The disclosure for this purchase can be found here. Insiders own 0.97% of the company’s stock.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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