beauty holdings Archives - LADY OF FASHION

Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 17.3% during the 1st quarter, HoldingsChannel reports. The fund owned 6,100 shares of the specialty retailer’s stock after acquiring an additional 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sally Beauty were worth $95,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Sally Beauty in the first quarter worth about $66,000. National Bank of Canada FI acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $126,000. Point72 Hong Kong Ltd acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $165,000. Gotham Asset Management LLC acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $254,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sally Beauty by 23.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,230 shares of the specialty retailer’s stock valued at $281,000 after buying an additional 2,857 shares in the last quarter.

Analyst Upgrades and Downgrades

SBH has been the topic of several research reports. Morgan Stanley cut Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $19.00 to $12.00 in a research note on Thursday, June 16th. Cowen cut their price objective on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Cowen lowered their target price on Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Oppenheimer lowered Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday,

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Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Comerica Bank

Comerica Bank increased its position in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,759 shares of the specialty retailer’s stock after acquiring an additional 785 shares during the period. Comerica Bank’s holdings in Sally Beauty were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBH. Counterpoint Mutual Funds LLC acquired a new position in shares of Sally Beauty in the first quarter valued at about $66,000. Nisa Investment Advisors LLC purchased a new position in Sally Beauty during the 4th quarter worth approximately $89,000. National Bank of Canada FI acquired a new stake in Sally Beauty during the 4th quarter valued at approximately $126,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sally Beauty in the 4th quarter valued at $165,000. Finally, Inspire Investing LLC acquired a new stake in shares of Sally Beauty in the first quarter worth $239,000.

Sally Beauty Stock Up 0.4 %

Shares of SBH opened at $13.69 on Tuesday. The firm has a market cap of $1.46 billion, a P/E ratio of 6.03 and a beta of 1.41. Sally Beauty Holdings, Inc. has a 12 month low of $11.28 and a 12 month high of $22.85. The stock’s 50 day moving average is $13.30 and its two-hundred day moving average is $15.46. The company has a current ratio of 2.27, a quick ratio of 0.59 and a debt-to-equity ratio of 5.08.

Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The specialty

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State of New Jersey Common Pension Fund D Increases Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

State of New Jersey Common Pension Fund D raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 7.0% during the first quarter, Holdings Channel.com reports. The firm owned 146,674 shares of the specialty retailer’s stock after purchasing an additional 9,534 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sally Beauty were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its stake in shares of Sally Beauty by 97.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock worth $67,003,000 after acquiring an additional 1,789,399 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sally Beauty by 50.3% during the 4th quarter. Renaissance Technologies LLC now owns 467,100 shares of the specialty retailer’s stock worth $8,623,000 after acquiring an additional 156,384 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Sally Beauty by 27.9% during the 1st quarter. Pacer Advisors Inc. now owns 566,542 shares of the specialty retailer’s stock worth $8,855,000 after acquiring an additional 123,636 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sally Beauty by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,956,629 shares of the specialty retailer’s stock worth $36,119,000 after acquiring an additional 111,357 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Sally Beauty during the 4th quarter worth approximately $1,971,000.

Sally Beauty Trading Up 0.9 %

Shares of SBH opened at $13.85 on Thursday. The stock has

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Sally Beauty’s (SBH) Q3 Earnings Miss Estimates, Sales Down Y/Y

Sally Beauty Holdings, Inc. SBH reported third-quarter fiscal 2022 results, with the top line beating the Zacks Consensus Estimate and the bottom line missing the same. Both, net sales and earnings declined year over year.

During the quarter, management witnessed pressure on net sales as inflation and supply-chain-related challenges persisted. That said, Sally Beauty continues to focus on its four strategic growth pillars. These include leveraging the digital platform, driving loyalty and personalization, undertaking product innovation and enhancing the supply chain.

Image Source: Zacks Investment Research

Q3 in Detail

Sally Beauty reported adjusted earnings of 55 cents per share, which missed the Zacks Consensus Estimate of 59 cents. The metric declined from 68 cents reported in the year-ago quarter.

Consolidated net sales of $961.5 million beat the Zacks Consensus Estimate of $944.2 million. However, the metric dropped 6% year over year, with an impact of unfavorable foreign currency translation of 130 basis points (bps) on consolidated net sales. Comparable sales fell 3.6% owing to persistent inflationary pressures, supply chain challenges and tough year-over-year comparison. The company operated 149 fewer stores compared with the year-ago quarter’s levels.

The company’s global e-commerce sales came in at $81 million, reflecting 8.4% of consolidated net sales.

Consolidated gross profit came in at $490.2 million, down 4.7% from $514.4 million reported in the year-ago quarter. Consolidated gross margin expanded 70 basis points to 51%, backed by improved product margins at Sally Beauty and Beauty Systems Group. This was somewhat offset by increased distribution and freight costs.

Adjusted selling, general and administrative (SG&A) expenses, excluding COVID-19-related net expenses, came in at $389.7 million, up $4 million from the year-ago quarter’s figure, led by higher labor costs. These were somewhat offset by reduced accrued bonus, variable and advertising costs. As a percentage of

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Sally Beauty (SBH) Queued for Q3 Earnings: Things to Consider

Sally Beauty Holdings, Inc. SBH is likely to witness a year-over-year decline in the top and the bottom line when it reports third-quarter fiscal 2022 earnings on Aug 4. The Zacks Consensus Estimate for quarterly revenues is pegged at $943.6 million, indicating a decrease of 7.7% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for quarterly earnings has remained unchanged over the past 30 days at 59 cents per share, indicating a decline of 13.2% from the figure reported in the prior-year quarter. The international specialty retailer and distributor of professional beauty supplies has a trailing four-quarter earnings surprise of 8.7%, on average. In the last reported quarter, Sally Beauty delivered a negative earnings surprise of 7.8%.

Sally Beauty Holdings, Inc. Price and EPS Surprise

Sally Beauty Holdings, Inc. price-eps-surprise | Sally Beauty Holdings, Inc. Quote

Things To Consider

Sally Beauty is battling a tough macro environment, including the impact of inflationary pressures. The company is also challenged by supply chain issues. In its last earnings call, management highlighted that the company generated record sales in third-quarter fiscal 2021, courtesy of reopening momentum across markets. We believe that the persistence of volatile macro conditions coupled with unfavorable year-over-year comparisons might be a concern for Sally Beauty’s performance in the to-be-reported quarter.

Apart from this, Sally Beauty has been grappling with escalated selling, general and administrative expenses for a while. That said, focus on Transformation Plan to improve customers’ experience, augment e-commerce capacities, undertake innovations and enhance retail fundamentals is a breather.

What the Zacks Model Unveils

Our proven model doesn’t conclusively predict an earnings beat for Sally Beauty this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3

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