Sally Beauty (NYSE:SBH) Hits New 12-Month High on Strong Earnings

Sally Beauty Holdings, Inc. (NYSE:SBH – Get Free Report) shares reached a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $19.70 and last traded at $19.9460, with a volume of 101,857 shares traded. The stock had previously closed at $19.49.

The specialty retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $952.53 million during the quarter, compared to analyst estimates of $950.12 million. Sally Beauty had a return on equity of 24.36% and a net margin of 5.16%. Sally Beauty’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. Sally Beauty has set its Q1 2027 guidance at 0.480-0.520 EPS and its FY 2027 guidance at 2.200-2.300 EPS.

Trending Headlines about Sally Beauty

Here are the key news stories impacting Sally Beauty this week:

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen began coverage on shares of Sally Beauty in a research note on Friday, October 30th. They issued a “strong-buy” rating for the company. Finally, Weiss Ratings cut shares of Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sally Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Read Our Latest Research Report on Sally Beauty

Institutional Trading of Sally Beauty

Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in Sally Beauty by 2.4% in the 3rd quarter. Royce & Associates LP now owns 140,289 shares of the specialty retailer’s stock worth $2,304,000 after buying an additional 3,296 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Sally Beauty by 48.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 20,768 shares of the specialty retailer’s stock worth $341,000 after buying an additional 6,805 shares during the last quarter. Simplex Trading LLC increased its stake in shares of Sally Beauty by 354.0% during the third quarter. Simplex Trading LLC now owns 3,497 shares of the specialty retailer’s stock valued at $57,000 after buying an additional 4,874 shares during the period. Fulcrum Asset Management LLP increased its stake in shares of Sally Beauty by 4,764.0% during the third quarter. Fulcrum Asset Management LLP now owns 316,062 shares of the specialty retailer’s stock valued at $5,202,000 after buying an additional 309,564 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Sally Beauty by 233.3% during the third quarter. Parallel Advisors LLC now owns 3,713 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 2,599 shares in the last quarter.

Sally Beauty Stock Performance

The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.86 billion, a P/E ratio of 10.40 and a beta of 1.09. The business has a fifty day moving average of $16.79 and a 200 day moving average of $15.16.

About Sally Beauty

(Get Free Report)

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution.

The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources.

Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.

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