Sally Beauty (NYSE:SBH) Reaches New 1-Year High Following Earnings Beat

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. The stock had previously closed at $19.49.

The specialty retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business had revenue of $952.53 million for the quarter, compared to analyst estimates of $950.12 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Sally Beauty’s quarterly revenue was up .6% on a year-over-year basis. 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.

Key Stories Impacting Sally Beauty

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on SBH

Institutional Investors Weigh In On Sally Beauty

Several large investors have recently bought and sold shares of the business. Nykredit A S purchased a new position in Sally Beauty during the 2nd quarter valued at $28,000. Fortitude Family Office LLC increased its holdings in Sally Beauty by 508.1% during the third quarter. Fortitude Family Office LLC now owns 1,727 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 1,443 shares during the period. KBC Group NV bought a new position in shares of Sally Beauty in the 1st quarter worth $39,000. Simplex Trading LLC lifted its position 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 last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Sally Beauty by 797.8% in the third quarter. Farther Finance Advisors LLC now owns 3,699 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 3,287 shares in the last quarter.

Sally Beauty Price Performance

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 10.40 and a beta of 1.09. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $16.79 and a two-hundred day moving average price 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.

See Also

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.