Sally Beauty (SBH) Has Been Downgraded Today by BofA Merrill to a “Underperform”

July 16, 2018 - By Robert Shackelford

Sally Beauty Holdings, Inc. (NYSE:SBH) Logo

Sally Beauty (SBH) Receives a Downgrade

BofA Merrill has given Sally Beauty (SBH) shares a new “Underperform” rating in a note released on Monday, 16 July. This was a downgrade from the old “Neutral” rating.

The stock decreased 7.03% or $1.15 during the last trading session, reaching $15.22. About 3.08 million shares traded or 47.80% up from the average. Sally Beauty Holdings, Inc. (SBH) has declined 11.28% since July 16, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Analysts await Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings on August, 2. They expect $0.60 earnings per share, up 15.38 % or $0.08 from last year’s $0.52 per share. SBH’s profit will be $73.05M for 6.34 P/E if the $0.60 EPS becomes a reality. After $0.54 actual earnings per share reported by Sally Beauty Holdings, Inc. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

Sally Beauty Holdings, Inc., together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company has market cap of $1.85 billion. The firm operates through two divisions, Sally Beauty Supply and Beauty Systems Group. It has a 8.01 P/E ratio. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail clients and salon professionals.

More recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Seekingalpha.com which released: “Digging through the retail sales report” on July 16, 2018. Also Seekingalpha.com published the news titled: “Cowen cautious on Sally Beauty Holdings” on June 20, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: American Tower, Darden Restaurants, FedEx, Hasbro, Parker-Hannifin, Wells …” with publication date: July 16, 2018 was also an interesting one.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Chart

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