Sally Beauty Holdings, Inc. to Post Q4 2022 Earnings of $0.72 Per Share, Jefferies Financial Group Forecasts (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q4 2022 earnings estimates for shares of Sally Beauty in a report released on Wednesday, April 27th. Jefferies Financial Group analyst S. Wissink now expects that the specialty retailer will earn $0.72 per share for the quarter, down from their prior forecast of $0.73.

Sally Beauty (NYSE:SBHGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The specialty retailer reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Sally Beauty had a net margin of 6.42% and a return on equity of 125.54%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $993.34 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the company. DA Davidson cut their price objective on Sally Beauty from $22.00 to $19.50 in a report on Friday, February 4th. StockNews.com began coverage on Sally Beauty in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $23.70.

SBH opened at $15.65 on Friday. The business’s fifty day simple moving average is $16.36 and its 200 day simple moving average is $17.60. Sally Beauty has a 52 week low of $14.88 and a 52 week high of $25.66. 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 $1.77 billion, a PE ratio of 7.15 and a beta of 1.42.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sally Beauty by 0.3% during the 3rd quarter. BlackRock Inc. now owns 17,570,535 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 56,444 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Sally Beauty by 2.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 15,406,794 shares of the specialty retailer’s stock worth $259,604,000 after purchasing an additional 432,093 shares in the last quarter. Champlain Investment Partners LLC increased its position in Sally Beauty by 0.3% during the 4th quarter. Champlain Investment Partners LLC now owns 4,547,235 shares of the specialty retailer’s stock valued at $83,942,000 after buying an additional 12,290 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Sally Beauty by 97.2% in the 4th quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock valued at $67,003,000 after purchasing an additional 1,789,399 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Sally Beauty by 1.8% in the third quarter. Principal Financial Group Inc. now owns 2,908,613 shares of the specialty retailer’s stock worth $49,010,000 after buying an additional 52,771 shares during the last quarter.

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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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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