Barclays Q2 Preview on Sally Beauty Holdings (SBH); Expecting Beat

Barclays maintains an 'Equalweight' on Sally Beauty Holdings (NYSE: SBH) price target of $21.00.

Analyst Meredith Adler, said, "We are maintaining our 2Q12 EPS estimate of $0.34, above consensus of $0.32. Our forecast is for 2Q12 sales of $872 million, with Sally Beauty Supply (SBS) comps of 7.0% and Beauty Systems Group (BSG) comps of 5.5%. We expect the operating margin at SBS to increase 112 bp, to 20.3%, at BSG to increase 149 bp to 12.3%, and at the total company to increase 128 bp, to 14.5%."

Adler maintains an EW rating as the stock is up almost 27% y-t-d...and will revisit numbers after Q2 results on May 3rd.

For an analyst ratings summary and ratings history on Sally Beauty Holdings click here. For more ratings news on Sally Beauty Holdings click here.

Shares of Sally Beauty Holdings closed at $26.60 yesterday.

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