Sally Beauty (NYSE:SBH) Posts Quarterly Earnings Results

Sally Beauty (NYSE:SBH) released its quarterly earnings data on Thursday. The specialty retailer reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06), MarketWatch Earnings reports. Sally Beauty had a net margin of 3.18% and a negative return on equity of 305.73%. The company had revenue of $705.29 million for the quarter, compared to the consensus estimate of $705.08 million.

NYSE SBH traded down $0.09 during trading on Friday, hitting $11.61. The stock had a trading volume of 1,805,637 shares, compared to its average volume of 1,512,008. The company has a debt-to-equity ratio of 717.80, a quick ratio of 0.55 and a current ratio of 1.88. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.46 and a beta of 1.26. Sally Beauty has a one year low of $6.28 and a one year high of $21.98. The stock has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $12.08.

Several research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Sally Beauty from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley increased their price target on shares of Sally Beauty from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Investment Research downgraded shares of Sally Beauty from a “hold” rating to a “sell” rating and set a $10.00 price target for the company. in a report on Monday, April 27th. ValuEngine downgraded shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a report on Monday, June 8th. Finally, Oppenheimer raised shares of Sally Beauty to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Sally Beauty presently has a consensus rating of “Hold” and an average target price of $11.83.

In other news, Director Edward W. Rabin acquired 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $10.21 per share, with a total value of $35,735.00. Following the completion of the purchase, the director now directly owns 25,520 shares in the company, valued at $260,559.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward W. Rabin acquired 4,500 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $9.66 per share, with a total value of $43,470.00. Following the purchase, the director now owns 25,520 shares of the company’s stock, valued at $246,523.20. The disclosure for this purchase can be found here. In the last three months, insiders acquired 12,000 shares of company stock valued at $123,515. 2.62% of the stock is owned by insiders.

Sally Beauty Company Profile

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.

Featured Article: Bollinger Bands

Earnings History for Sally Beauty (NYSE:SBH)

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.