Sally Beauty (NYSE:SBH) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Sally Beauty (NYSE:SBHGet Free Report) released its earnings results on Monday. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02, FiscalAI reports. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.

Sally Beauty Stock Down 0.2%

Sally Beauty stock opened at $14.94 on Monday. The stock has a market capitalization of $1.43 billion, a PE ratio of 8.25 and a beta of 1.02. Sally Beauty has a twelve month low of $9.36 and a twelve month high of $17.92. The company has a quick ratio of 0.55, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $13.95 and a 200-day moving average of $14.39.

Analyst Ratings Changes

SBH has been the subject of a number of research reports. TD Cowen lowered their price objective on Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley reduced their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Get Our Latest Stock Report on Sally Beauty

Insider Activity

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following the sale, the chief financial officer directly owned 138,145 shares in the company, valued at $1,754,441.50. This trade represents a 23.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sally Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its stake in shares of Sally Beauty by 1,365.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 2,730 shares during the period. Larson Financial Group LLC boosted its position in shares of Sally Beauty by 392.5% during the third quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock worth $31,000 after buying an additional 1,519 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sally Beauty during the second quarter worth about $34,000. iSAM Funds UK Ltd bought a new position in shares of Sally Beauty during the third quarter worth about $35,000. Finally, Intesa Sanpaolo Wealth Management bought a new position in shares of Sally Beauty during the fourth quarter worth about $36,000.

About Sally Beauty

(Get Free Report)

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.

See Also

Earnings History for Sally Beauty (NYSE:SBH)

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