Sally Beauty (NYSE:SBH) announced its earnings results on Thursday. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05, Briefing.com reports. The company had revenue of $965.94 million during the quarter, compared to analysts’ expectations of $955.06 million. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. Sally Beauty’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share.
Shares of Sally Beauty stock traded down $0.10 during trading on Friday, reaching $19.90. The company’s stock had a trading volume of 6,320,203 shares, compared to its average volume of 1,812,593. The business’s 50-day moving average price is $15.69 and its 200-day moving average price is $14.53. The firm has a market cap of $2.01 billion, a PE ratio of 9.21, a P/E/G ratio of 2.63 and a beta of 0.46. Sally Beauty has a 52 week low of $11.46 and a 52 week high of $23.07.
A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday. Jefferies Financial Group raised shares of Sally Beauty from an “underperform” rating to a “hold” rating and reduced their target price for the company from $14.00 to $12.00 in a research report on Friday, July 12th. They noted that the move was a valuation call. Finally, DA Davidson reduced their target price on shares of Sally Beauty to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.50.
In other news, Director Marshall E. Eisenberg acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of $11.89 per share, with a total value of $118,900.00. Following the completion of the transaction, the director now directly owns 72,071 shares of the company’s stock, valued at approximately $856,924.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Miller acquired 40,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $12.21 per share, with a total value of $494,505.00. Following the transaction, the director now directly owns 51,873 shares of the company’s stock, valued at $633,369.33. The disclosure for this purchase can be found here. In the last three months, insiders bought 51,500 shares of company stock valued at $625,675. 1.04% of the stock is currently owned by company insiders.
About Sally Beauty
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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