Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q3 2022 earnings per share estimates for shares of Sally Beauty in a research report issued on Wednesday, April 27th. Jefferies Financial Group analyst S. Wissink now forecasts that the specialty retailer will post earnings of $0.79 per share for the quarter, up from their prior estimate of $0.78. Jefferies Financial Group also issued estimates for Sally Beauty’s FY2022 earnings at $2.58 EPS, Q2 2023 earnings at $0.62 EPS and Q3 2023 earnings at $0.70 EPS.
Sally Beauty (NYSE:SBH – Get Rating) last posted its earnings results on Wednesday, February 2nd. The specialty retailer reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Sally Beauty had a return on equity of 125.54% and a net margin of 6.42%. The business had revenue of $980.00 million during the quarter, compared to the consensus estimate of $993.34 million. During the same quarter last year, the company earned $0.50 EPS. Sally Beauty’s revenue was up 4.7% on a year-over-year basis.
Shares of Sally Beauty stock opened at $15.26 on Thursday. The company has a quick ratio of 0.60, a current ratio of 2.08 and a debt-to-equity ratio of 4.92. The stock has a market cap of $1.73 billion, a PE ratio of 6.97 and a beta of 1.42. The business has a fifty day simple moving average of $16.41 and a 200 day simple moving average of $17.60. Sally Beauty has a 12 month low of $14.88 and a 12 month high of $25.66.
A number of large investors have recently modified their holdings of SBH. Comerica Bank boosted its stake in Sally Beauty by 0.8% during the first quarter. Comerica Bank now owns 97,759 shares of the specialty retailer’s stock worth $1,590,000 after acquiring an additional 785 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Sally Beauty during the first quarter valued at approximately $66,000. Miracle Mile Advisors LLC raised its holdings in shares of Sally Beauty by 30.1% during the first quarter. Miracle Mile Advisors LLC now owns 19,734 shares of the specialty retailer’s stock valued at $308,000 after purchasing an additional 4,570 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Sally Beauty during the first quarter valued at approximately $239,000. Finally, Denali Advisors LLC purchased a new position in shares of Sally Beauty during the first quarter valued at approximately $596,000.
Sally Beauty Company Profile (Get Rating)
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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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