Sally Magnificence Holdings, Inc. to Submit Q3 2024 Earnings of $0.42 Per Share, DA Davidson Forecasts (NYSE:SBH)
Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) – Stock analysts at DA Davidson issued their Q3 2024 earnings estimates for shares of Sally Beauty in a research report issued to clients and investors on Wednesday, May 15th. DA Davidson analyst L. Weiser forecasts that the specialty retailer will post earnings of $0.42 per share for the quarter. DA Davidson has a “Neutral” rating and a $13.00 price objective on the stock. The consensus estimate for Sally Beauty’s current full-year earnings is $1.74 per share. DA Davidson also issued estimates for Sally Beauty’s FY2024 earnings at $1.70 EPS and FY2025 earnings at $1.76 EPS.
Sally Beauty (NYSE:SBH – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm had revenue of $908.36 million during the quarter, compared to the consensus estimate of $910.72 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue was down 1.1% on a year-over-year basis.
Other analysts have also issued reports about the stock. TD Cowen cut their target price on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Piper Sandler reduced their price objective on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.00.
Get Our Latest Stock Analysis on SBH
Sally Beauty Price Performance
NYSE SBH opened at $11.28 on Thursday. The company has a 50-day moving average price of $11.28 and a 200-day moving average price of $11.53. Sally Beauty has a 52 week low of $7.21 and a 52 week high of $13.91. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $1.17 billion, a P/E ratio of 7.67 and a beta of 1.49.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SBH. Allspring Global Investments Holdings LLC grew its stake in shares of Sally Beauty by 92.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,872 shares of the specialty retailer’s stock valued at $83,000 after acquiring an additional 4,747 shares during the period. Duality Advisers LP grew its stake in shares of Sally Beauty by 234.9% during the 3rd quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer’s stock valued at $1,098,000 after acquiring an additional 91,915 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Sally Beauty during the 3rd quarter valued at approximately $555,000. Barclays PLC grew its stake in shares of Sally Beauty by 75.3% during the 3rd quarter. Barclays PLC now owns 74,699 shares of the specialty retailer’s stock valued at $626,000 after acquiring an additional 32,076 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Sally Beauty by 23.6% during the 3rd quarter. New York State Common Retirement Fund now owns 447,523 shares of the specialty retailer’s stock valued at $3,750,000 after acquiring an additional 85,379 shares during the period.
About Sally Beauty
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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