Sally Attractiveness (NYSE:SBH) Announces Quarterly Earnings Outcomes

Sally Beauty (NYSE:SBH) introduced its quarterly earnings data on Thursday. The specialty retailer reported $.50 EPS for the quarter, topping the Zacks’ consensus estimate of $.47 by $.03, MarketWatch Earnings stories. The corporation experienced profits of $936.02 million all through the quarter, as opposed to the consensus estimate of $967.74 million. Sally Magnificence experienced a web margin of 3.22% and a detrimental return on equity of 535.36%. Sally Beauty’s quarterly earnings was down 4.5% on a calendar year-over-12 months foundation. Through the similar quarter in the prior year, the business earned $.47 EPS.

SBH inventory traded down $.29 through midday investing on Thursday, hitting $15.67. 3,001,488 shares of the stock had been exchanged, as opposed to its average volume of 2,158,043. The stock’s 50-working day going regular cost is $13.54 and its 200-day going normal value is $11.65. The corporation has a personal debt-to-fairness ratio of 116.36, a swift ratio of 1.10 and a latest ratio of 2.54. The stock has a current market cap of $1.77 billion, a price-to-earnings ratio of 15.99, a PEG ratio of .24 and a beta of 1.54. Sally Magnificence has a fifty-two week small of $6.28 and a fifty-two 7 days superior of $17.19.

A number of study analysts lately issued stories on the stock. Morgan Stanley lifted shares of Sally Magnificence from an “underweight” score to an “equal weight” score in a report on Wednesday, January 20th. Oppenheimer decreased their cost concentrate on on Sally Magnificence from $19.00 to $16.00 and set an “outperform” ranking for the business in a report on Tuesday, November 3rd. DA Davidson dropped their rate aim on Sally Attractiveness from $12.50 to $11.00 and set a “neutral” ranking on the inventory in a report on Friday, November 13th. Zacks Expense Study downgraded Sally Attractiveness from a “buy” rating to a “hold” score and set a $9.00 target rate for the enterprise. in a report on Tuesday, November 3rd. Ultimately, Financial institution of The united states lowered their target rate on shares of Sally Splendor from $12.00 to $11.00 and set an “underperform” score on the inventory in a exploration report on Monday, November 16th. A person investigate analyst has rated the inventory with a promote ranking, five have assigned a keep ranking and a single has assigned a buy score to the organization. The inventory presently has a consensus ranking of “Hold” and an normal concentrate on rate of $11.29.

In other Sally Beauty news, CEO Christian A. Brickman acquired 11,350 shares of the inventory in a transaction that transpired on Tuesday, November 17th. The shares ended up obtained at an normal expense of $10.94 per share, with a complete benefit of $124,169.00. Next the purchase, the chief govt officer now owns 457,571 shares in the organization, valued at $5,005,826.74. The invest in was disclosed in a lawful filing with the Securities & Trade Fee, which is obtainable by means of this hyperlink. Also, Director Edward W. Rabin bought 4,000 shares of the company’s stock in a transaction on Tuesday, November 17th. The shares were obtained at an regular rate of $11.04 per share, with a whole worth of $44,160.00. Adhering to the completion of the acquisition, the director now right owns 31,826 shares in the business, valued at somewhere around $351,359.04. The disclosure for this acquire can be discovered listed here. 3.10% of the inventory is presently owned by corporate insiders.

Sally Elegance Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of experienced splendor provides. The business operates by two segments, Sally Beauty Source and Beauty Techniques Group. The Sally Attractiveness Supply phase provides splendor products, together with hair color and treatment, pores and skin and nail care, styling applications, and other magnificence products for retail shoppers, salons, and salon professionals.

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