Analysts Set Expectations for Sally Beauty Holdings, Inc.'s Q4 2022 Earnings (NYSE:SBH) | MarketBeat

2022-08-13 06:55:09 By : Mr. Jeff Meng

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Sally Beauty Holdings, Inc. (NYSE:SBH - Get Rating) - Stock analysts at Oppenheimer dropped their Q4 2022 EPS estimates for Sally Beauty in a note issued to investors on Thursday, August 4th. Oppenheimer analyst R. Parikh now forecasts that the specialty retailer will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.62. Oppenheimer has a "Market Perform" rating on the stock. The consensus estimate for Sally Beauty's current full-year earnings is $2.20 per share.

Several other brokerages also recently issued reports on SBH. Cowen lowered their price objective on shares of Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. Cowen reduced their price target on Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. TheStreet cut Sally Beauty from a "b-" rating to a "c+" rating in a research report on Thursday, June 23rd. Raymond James lowered Sally Beauty from a "market perform" rating to an "underperform" rating in a research note on Wednesday, June 29th. Finally, StockNews.com downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to MarketBeat.com, Sally Beauty presently has a consensus rating of "Hold" and a consensus price target of $18.70.Sally Beauty Price Performance

Sally Beauty stock opened at $13.74 on Monday. The firm has a market capitalization of $1.47 billion, a PE ratio of 6.74 and a beta of 1.38. The company has a quick ratio of 0.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.66. The firm's 50-day simple moving average is $13.19 and its 200 day simple moving average is $15.17. Sally Beauty has a 52 week low of $11.28 and a 52 week high of $21.86.

Sally Beauty (NYSE:SBH - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.04). The company had revenue of $961.47 million for the quarter, compared to analysts' expectations of $950.97 million. Sally Beauty had a return on equity of 90.85% and a net margin of 5.99%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Institutional Trading of Sally Beauty

Several large investors have recently bought and sold shares of SBH. First Horizon Advisors Inc. boosted its holdings in shares of Sally Beauty by 1,882.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,458 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 2,334 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Sally Beauty by 146.0% during the second quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 1,438 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Sally Beauty in the first quarter valued at about $66,000. Captrust Financial Advisors boosted its position in Sally Beauty by 34.2% during the first quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer's stock worth $79,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Sally Beauty in the 4th quarter valued at about $89,000. 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.Read MoreGet a free copy of the StockNews.com research report on Sally Beauty (SBH)Electric Vehicles Can Drive Alcoa Stock HigherCan Airbnb Still Thrive in a Recession? What to Expect from the Markets in a Recession ConocoPhillips Shares Advance On Strong Q2 RevenueMarketBeat: Week in Review 8/1 - 8/5

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