Sally Beauty (NYSE:SBH) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Sally Beauty (NYSE:SBH) posted its earnings results on Monday. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02, FiscalAI reports. Sally Beauty had a net margin of 4.93% and a return on equity of 24.95%.

Sally Beauty Stock Performance

NYSE:SBH opened at $14.94 on Monday. The company has a fifty day moving average of $13.95 and a two-hundred day moving average of $14.39. Sally Beauty has a fifty-two week low of $9.36 and a fifty-two week high of $17.92. The stock has a market capitalization of $1.43 billion, a PE ratio of 8.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 2.34.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. TD Cowen lowered their target price on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings upgraded Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley cut their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Activity at Sally Beauty

In related news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.70, for a total transaction of $543,191.70. Following the completion of the transaction, the chief financial officer owned 138,145 shares in the company, valued at $1,754,441.50. This represents a 23.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sally Beauty

A number of hedge funds have recently made changes to their positions in SBH. Wasatch Advisors LP purchased a new position in Sally Beauty in the third quarter worth approximately $74,842,000. Goldman Sachs Group Inc. lifted its stake in shares of Sally Beauty by 46.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,981,998 shares of the specialty retailer’s stock valued at $56,783,000 after purchasing an additional 1,254,125 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Sally Beauty by 1,333.4% during the 4th quarter. Lazard Asset Management LLC now owns 840,539 shares of the specialty retailer’s stock worth $11,986,000 after purchasing an additional 781,901 shares during the period. Millennium Management LLC increased its position in shares of Sally Beauty by 126.7% during the 3rd quarter. Millennium Management LLC now owns 1,058,358 shares of the specialty retailer’s stock worth $17,230,000 after purchasing an additional 591,426 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Sally Beauty by 12,241.2% during the 3rd quarter. Raymond James Financial Inc. now owns 449,468 shares of the specialty retailer’s stock worth $7,317,000 after purchasing an additional 445,826 shares during the last quarter.

About Sally Beauty

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.