Sally Beauty Holdings, Inc. (NYSE:SBH – Get Free Report) shares rose before the market open on Thursday following a stronger-than-expected earnings report. The stock had previously closed at $9.39 but opened at $10.57. Sally Beauty shares were last seen trading at $10.58 on volume of 138,255 shares.
The specialty retailer reported earnings per share of $0.45 for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analyst expectations of $931.77 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The company’s revenue grew 1.2% year over year for the quarter. During the same period last year, the company posted earnings per share of $0.49.
Wall Street analysts comment
Several research firms have recently commented on SBH. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17. Piper Sandler lowered their price target on Sally Beauty from $14.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have a hold rating and two have given the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.25.
Get our latest research report on Sally Beauty
Institutional inflows and outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in Sally Beauty by 107.9% in the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after buying an additional 1,401 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Sally Beauty by 168.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after buying an additional 2,829 shares during the same period. DekaBank Deutsche Girozentrale bought a new stake in Sally Beauty in the first quarter valued at $64,000. Quest Partners LLC increased its stake in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the same period. Finally, SG Americas Securities LLC acquired a new stake in Sally Beauty in the fourth quarter valued at $136,000.
Price development of Sally Beauty shares
The company has a 50 day moving average of $10.89 and a 200 day moving average of $11.50. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. The company has a market cap of $1.05 billion, a P/E ratio of 6.92 and a beta of 1.54.
About Sally Beauty
(Get free report)
Sally Beauty Holdings, Inc. is a specialty retailer and distributor of professional beauty products. The company operates through two segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment provides beauty products, including hair color and conditioning products, skin and nail care products, styling tools and other beauty products to retail customers, salons and salon professionals.
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