Analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $957.29 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Sally Beauty’s earnings. The lowest sales estimate is $952.00 million and the highest is $965.00 million. Sally Beauty posted sales of $966.00 million in the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Sally Beauty will report full year sales of $3.87 billion for the current financial year, with estimates ranging from $3.86 billion to $3.88 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.85 billion, with estimates ranging from $3.82 billion to $3.91 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $975.20 million for the quarter, compared to analyst estimates of $986.27 million. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share.

A number of brokerages have recently weighed in on SBH. ValuEngine lowered shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Wells Fargo & Co reiterated a “hold” rating on shares of Sally Beauty in a report on Tuesday, June 25th. Jefferies Financial Group upgraded Sally Beauty from an “underperform” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Friday, July 12th. They noted that the move was a valuation call. BMO Capital Markets upgraded Sally Beauty to a “market perform” rating and set a $17.00 target price on the stock in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded Sally Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. Sally Beauty has a consensus rating of “Hold” and a consensus target price of $16.08.

Shares of Sally Beauty stock traded up $0.23 during trading hours on Thursday, reaching $13.56. The stock had a trading volume of 1,541,018 shares, compared to its average volume of 1,813,937. The company’s 50 day simple moving average is $12.63. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.99 and a beta of 0.44. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61.

In related news, Director Edward W. Rabin bought 7,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $13.25 per share, with a total value of $92,750.00. Following the purchase, the director now owns 19,732 shares in the company, valued at approximately $261,449. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christian A. Brickman bought 5,000 shares of the stock in a transaction dated Friday, May 31st. The stock was bought at an average cost of $14.93 per share, with a total value of $74,650.00. Following the purchase, the chief executive officer now owns 360,332 shares in the company, valued at approximately $5,379,756.76. The disclosure for this purchase can be found here. Insiders acquired 13,500 shares of company stock valued at $189,795 in the last three months. Insiders own 1.04% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Sally Beauty by 0.6% during the second quarter. BlackRock Inc. now owns 14,286,208 shares of the specialty retailer’s stock valued at $190,576,000 after buying an additional 88,389 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Sally Beauty by 13.1% during the first quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock worth $155,466,000 after purchasing an additional 976,690 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Sally Beauty by 4.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,110,066 shares of the specialty retailer’s stock worth $75,667,000 after purchasing an additional 184,474 shares during the period. LSV Asset Management raised its holdings in shares of Sally Beauty by 3.5% during the second quarter. LSV Asset Management now owns 3,343,545 shares of the specialty retailer’s stock worth $44,602,000 after purchasing an additional 114,000 shares during the period. Finally, Ardevora Asset Management LLP raised its holdings in shares of Sally Beauty by 41.5% during the second quarter. Ardevora Asset Management LLP now owns 2,769,200 shares of the specialty retailer’s stock worth $36,941,000 after purchasing an additional 812,700 shares during the period.

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

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