Sally Beauty Holdings, Inc. (SBH) Expected to Post Quarterly Sales of $964.63 Million

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Wall Street analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $964.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Sally Beauty’s earnings. The highest sales estimate is $980.70 million and the lowest is $954.20 million. Sally Beauty reported sales of $974.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The company is expected to issue its next earnings results on Wednesday, November 21st.

On average, analysts expect that Sally Beauty will report full year sales of $3.93 billion for the current financial year, with estimates ranging from $3.92 billion to $3.95 billion. For the next year, analysts anticipate that the business will report sales of $3.89 billion, with estimates ranging from $3.84 billion to $3.96 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The firm had revenue of $996.28 million for the quarter, compared to analysts’ expectations of $995.30 million. During the same quarter last year, the firm earned $0.52 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year.

Several brokerages have recently issued reports on SBH. Jefferies Financial Group set a $14.00 price target on shares of Sally Beauty and gave the stock a “hold” rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Sally Beauty from a “strong sell” rating to a “sell” rating in a research note on Friday. BMO Capital Markets decreased their price target on shares of Sally Beauty from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 6th. beau lowered shares of Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Tuesday, July 17th. Finally, Bank of America lowered shares of Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Monday, July 16th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.

In other Sally Beauty news, CEO Christian A. Brickman acquired 16,000 shares of Sally Beauty stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the purchase, the chief executive officer now owns 278,664 shares of the company’s stock, valued at $3,873,429.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aaron E. Alt acquired 4,000 shares of Sally Beauty stock in a transaction that occurred on Monday, August 6th. The stock was acquired at an average price of $14.07 per share, with a total value of $56,280.00. Following the completion of the purchase, the chief financial officer now directly owns 69,619 shares in the company, valued at approximately $979,539.33. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Sally Beauty by 17.9% in the 2nd quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock valued at $241,654,000 after buying an additional 2,287,521 shares in the last quarter. BlackRock Inc. grew its stake in Sally Beauty by 29.5% in the 2nd quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock valued at $226,051,000 after buying an additional 3,215,986 shares in the last quarter. LSV Asset Management grew its stake in Sally Beauty by 3.5% in the 2nd quarter. LSV Asset Management now owns 2,919,045 shares of the specialty retailer’s stock valued at $46,792,000 after buying an additional 97,545 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,410,135 shares of the specialty retailer’s stock valued at $38,636,000 after buying an additional 73,866 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Sally Beauty by 65.1% in the 2nd quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock valued at $31,850,000 after buying an additional 783,382 shares in the last quarter.

Shares of SBH stock opened at $18.02 on Friday. The company has a quick ratio of 0.39, a current ratio of 2.12 and a debt-to-equity ratio of -5.42. Sally Beauty has a 12-month low of $13.72 and a 12-month high of $19.17. The company has a market cap of $2.21 billion, a PE ratio of 9.91, a P/E/G ratio of 1.53 and a beta of 0.16.

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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