Sally Beauty Holdings, Inc. (NYSE:SBH) – Equities research analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share estimates for Sally Beauty Holdings in a note issued to investors on Friday. Oppenheimer Holdings analyst R. Parikh forecasts that the specialty retailer will earn $0.41 per share for the quarter. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Sally Beauty Holdings’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.90 EPS.
A number of other equities research analysts also recently commented on SBH. Zacks Investment Research upgraded Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, July 18th. DA Davidson reiterated a “buy” rating and issued a $23.00 price objective on shares of Sally Beauty Holdings in a report on Monday, July 24th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday, August 5th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $20.00 price target (down from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Sally Beauty Holdings currently has a consensus rating of “Hold” and a consensus target price of $23.00.
Shares of Sally Beauty Holdings (SBH) opened at $16.21 on Monday. The company has a market capitalization of $2,129.57, a PE ratio of 9.21, a P/E/G ratio of 1.46 and a beta of 0.66. The company has a quick ratio of 0.43, a current ratio of 2.18 and a debt-to-equity ratio of -5.07. Sally Beauty Holdings has a fifty-two week low of $14.22 and a fifty-two week high of $30.17.
Several hedge funds have recently bought and sold shares of SBH. Janus Henderson Group PLC acquired a new position in shares of Sally Beauty Holdings during the second quarter worth about $179,760,000. Burgundy Asset Management Ltd. acquired a new position in shares of Sally Beauty Holdings during the second quarter worth about $51,787,000. Balyasny Asset Management LLC boosted its position in shares of Sally Beauty Holdings by 3,189.1% during the second quarter. Balyasny Asset Management LLC now owns 1,849,439 shares of the specialty retailer’s stock worth $37,451,000 after buying an additional 1,793,210 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Sally Beauty Holdings during the second quarter worth about $24,431,000. Finally, Nordea Investment Management AB boosted its position in shares of Sally Beauty Holdings by 24.7% during the second quarter. Nordea Investment Management AB now owns 6,057,114 shares of the specialty retailer’s stock worth $122,657,000 after buying an additional 1,200,950 shares during the period.
In other news, Director Edward W. Rabin acquired 4,250 shares of Sally Beauty Holdings stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $18.06 per share, with a total value of $76,755.00. Following the completion of the transaction, the director now directly owns 16,653 shares of the company’s stock, valued at $300,753.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christian A. Brickman acquired 10,000 shares of Sally Beauty Holdings stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $17.90 per share, with a total value of $179,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,543 shares of the company’s stock, valued at $3,088,519.70. The disclosure for this purchase can be found here. Insiders have bought 34,250 shares of company stock valued at $606,555 over the last ninety days. 0.97% of the stock is owned by insiders.
Sally Beauty Holdings declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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