Sally Magnificence (NYSE: SBH) Experiences Quarterly Outcomes, Beats $ 0.06 Per Share Estimate

Sally Magnificence (NYSE: SBH) reported quarterly outcomes on Wednesday. The specialty retailer reported earnings per share (EPS) of $ 0.68 for the quarter, beating the consensus estimate of $ 0.62 per $ 0.06, stories MarketWatch Earnings. Sally Magnificence had a web margin of 4.03% and a return on fairness of 401.89%.

SBH shares traded at $ 1.30 on Friday, reaching $ 18.92. 2,319,935 shares of the inventory traded for a median quantity of 1,646,817. Sally Magnificence has a one-year low of $ 8.27 and a one-year excessive of $ 25.66. The inventory has a market cap of $ 2.14 billion, a P / E ratio of 15.16 and a beta of 1.63. The corporate has a 50-day easy shifting common of $ 21.28. The corporate has a debt ratio of 10.31, a present ratio of 1.68, and a fast ratio of 0.59.

Numerous analysts just lately commented on the headline. Raymond James upgraded Sally Magnificence’s shares from an “underperformance” ranking to a “market efficiency” ranking in a report launched on Tuesday, July 13. Zacks Funding Analysis raised Sally Magnificence’s shares from a “promote” ranking to a “maintain” ranking and set a worth goal of $ 27.00 on the inventory in a analysis be aware on Monday, Might 10 . DA Davidson lowered its worth goal for Sally Magnificence shares from $ 26.00 to $ 22.00 and set a “impartial” ranking for the corporate in a analysis be aware on Friday. Morgan Stanley raised its worth goal on Sally Magnificence from $ 14.00 to $ 23.00 and gave the inventory an “equal weight” ranking in a Friday Might 7 analysis be aware. Lastly, Oppenheimer upgraded Sally Magnificence from a “market efficiency” ranking to an “outperformance” ranking and set a worth goal of $ 24.00 for the corporate in a analysis report launched on Tuesday, June 22. . One analysis analyst rated the inventory with a promote ranking, 4 issued a conservation ranking, and two assigned a purchase ranking to the corporate’s inventory. Sally Magnificence at present has a consensus ranking of “Maintain” and a consensus worth goal of $ 22.83.

In associated information, insider Mark Gregory Spinks offered 15,324 shares of the corporate in a commerce that passed off on Tuesday, Might 11. The inventory was offered for a median worth of $ 23.74, for a complete worth of $ 363,791.76. Because of the transaction, the insider now straight owns 41,125 shares of the corporate, valued at roughly $ 976,307.50. The transaction was disclosed in a authorized file with the Securities & Change Fee, accessible via this hyperlink. 3.10% of the capital is held by insiders.

Sally Magnificence Firm Profile

Sally Magnificence Holdings, Inc. operates as a specialty retailer and distributor {of professional} magnificence merchandise. The corporate operates via two segments, Sally Magnificence Provide and Magnificence Methods Group. The Sally Magnificence Provide section provides magnificence merchandise together with hair coloration and care, pores and skin and nail care, styling instruments and different magnificence merchandise for retail prospects, salons and professionals hairdressing.

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Sally Beauty Revenue History (NYSE: SBH)

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