Sally Beauty (NYSE:SBH) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03, MarketWatch Earnings reports. The company had revenue of $936.02 million during the quarter, compared to the consensus estimate of $967.74 million. Sally Beauty had a net margin of 3.22% and a negative return on equity of 535.36%. Sally Beauty’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS.
SBH stock traded down $0.29 during midday trading on Thursday, hitting $15.67. 3,001,488 shares of the stock were exchanged, compared to its average volume of 2,158,043. The stock’s 50-day moving average price is $13.54 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 116.36, a quick ratio of 1.10 and a current ratio of 2.54. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.24 and a beta of 1.54. Sally Beauty has a fifty-two week low of $6.28 and a fifty-two week high of $17.19.
Several research analysts recently issued reports on the stock. Morgan Stanley raised shares of Sally Beauty from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. Oppenheimer reduced their price target on Sally Beauty from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, November 3rd. DA Davidson dropped their price objective on Sally Beauty from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Friday, November 13th. Zacks Investment Research downgraded Sally Beauty from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Tuesday, November 3rd. Finally, Bank of America decreased their target price on shares of Sally Beauty from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, November 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.29.
In other Sally Beauty news, CEO Christian A. Brickman acquired 11,350 shares of the stock in a transaction that occurred on Tuesday, November 17th. The shares were purchased at an average cost of $10.94 per share, with a total value of $124,169.00. Following the purchase, the chief executive officer now owns 457,571 shares in the company, valued at $5,005,826.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward W. Rabin bought 4,000 shares of the company’s stock in a transaction on Tuesday, November 17th. The shares were acquired at an average price of $11.04 per share, with a total value of $44,160.00. Following the completion of the acquisition, the director now directly owns 31,826 shares in the company, valued at approximately $351,359.04. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.
Sally Beauty Company Profile
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, salons, and salon professionals.
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