Media coverage about Sally Beauty Holdings (NYSE:SBH) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sally Beauty Holdings earned a coverage optimism score of -0.05 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.7553272617543 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- Sally Beauty Holdings, Inc. (SBH) Price Target Lowered to $17.00 at Bank of America Corporation (americanbankingnews.com)
- Sally Beauty Holdings, Inc. (SBH) PT Lowered to $14.00 (americanbankingnews.com)
- Sally Beauty Holdings, Inc. (SBH) Price Target Cut to $18.00 (americanbankingnews.com)
- Sally Beauty Holdings, Inc. (SBH) Price Target Cut to $16.00 by Analysts at Buckingham Research (americanbankingnews.com)
- Sally Beauty Holdings, Inc. (SBH) PT Set at $18.00 by Cowen and Company (americanbankingnews.com)
Sally Beauty Holdings (NYSE:SBH) traded up $0.30 during trading on Thursday, reaching $15.46. The company’s stock had a trading volume of 5,181,462 shares, compared to its average volume of 2,284,906. The company has a quick ratio of 0.43, a current ratio of 2.18 and a debt-to-equity ratio of -5.07. Sally Beauty Holdings has a 1 year low of $14.05 and a 1 year high of $27.71. The firm has a market capitalization of $2,058.63, a price-to-earnings ratio of 8.90, a P/E/G ratio of 1.43 and a beta of 0.66.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $974.20 million for the quarter, compared to the consensus estimate of $989.96 million. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. Sally Beauty Holdings’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. sell-side analysts forecast that Sally Beauty Holdings will post 1.81 EPS for the current fiscal year.
Sally Beauty Holdings announced that its Board of Directors has approved a stock repurchase program on Thursday, August 31st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to buy up to 40.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of brokerages recently commented on SBH. Bank of America Corporation cut their target price on Sally Beauty Holdings from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley cut their target price on Sally Beauty Holdings from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday. Nomura cut their target price on Sally Beauty Holdings from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday. Buckingham Research cut their target price on Sally Beauty Holdings from $21.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Cowen and Company set a $18.00 target price on Sally Beauty Holdings and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. Sally Beauty Holdings has an average rating of “Hold” and a consensus price target of $19.27.
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In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $17.90 per share, for a total transaction of $179,000.00. Following the completion of the acquisition, the chief executive officer now owns 172,543 shares of the company’s stock, valued at $3,088,519.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward W. Rabin purchased 4,250 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the acquisition, the director now owns 16,653 shares of the company’s stock, valued at $300,753.18. The disclosure for this purchase can be found here. Insiders have bought 34,250 shares of company stock worth $606,555 in the last 90 days. Company insiders own 0.97% of the company’s stock.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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