Oppenheimer Weighs in on Sally Beauty Holdings, Inc.’s Q2 2019 Earnings (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) – Equities researchers at Oppenheimer raised their Q2 2019 earnings per share estimates for Sally Beauty in a report issued on Thursday, November 8th, Zacks Investment Research reports. Oppenheimer analyst R. Parikh now anticipates that the specialty retailer will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.47. Oppenheimer also issued estimates for Sally Beauty’s Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $2.15 EPS and FY2020 earnings at $2.15 EPS.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 8th. The specialty retailer reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $966.00 million for the quarter, compared to the consensus estimate of $965.98 million. Sally Beauty had a negative return on equity of 82.55% and a net margin of 6.56%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS.

A number of other equities analysts have also recently issued reports on SBH. Morgan Stanley lowered their target price on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, August 6th. BMO Capital Markets lowered their target price on Sally Beauty from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 6th. Zacks Investment Research cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Bank of America increased their target price on Sally Beauty from $14.00 to $16.00 and gave the stock a “sell” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded Sally Beauty from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.22.

SBH stock traded down $0.43 during trading hours on Friday, reaching $20.68. 2,001,328 shares of the stock were exchanged, compared to its average volume of 2,045,694. The stock has a market cap of $2.54 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.19. Sally Beauty has a 12 month low of $13.72 and a 12 month high of $23.61.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC lifted its stake in Sally Beauty by 42.3% in the 3rd quarter. BlueMountain Capital Management LLC now owns 9,382 shares of the specialty retailer’s stock valued at $173,000 after purchasing an additional 2,790 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Sally Beauty by 9.0% in the 3rd quarter. Hsbc Holdings PLC now owns 40,522 shares of the specialty retailer’s stock valued at $746,000 after purchasing an additional 3,346 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Sally Beauty by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 46,020 shares of the specialty retailer’s stock valued at $738,000 after purchasing an additional 4,605 shares during the last quarter. Teachers Advisors LLC lifted its stake in Sally Beauty by 1.9% in the 3rd quarter. Teachers Advisors LLC now owns 248,130 shares of the specialty retailer’s stock valued at $4,563,000 after purchasing an additional 4,640 shares during the last quarter. Finally, IndexIQ Advisors LLC lifted its stake in Sally Beauty by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 138,191 shares of the specialty retailer’s stock valued at $2,541,000 after purchasing an additional 5,218 shares during the last quarter.

In other news, SVP Scott C. Sherman sold 3,100 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $21.72, for a total value of $67,332.00. Following the completion of the transaction, the senior vice president now owns 13,312 shares in the company, valued at approximately $289,136.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aaron E. Alt acquired 2,400 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $20.75 per share, with a total value of $49,800.00. Following the acquisition, the chief financial officer now directly owns 88,391 shares in the company, valued at $1,834,113.25. The disclosure for this purchase can be found here. 1.48% of the stock is owned by company insiders.

Sally Beauty Company Profile

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

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