Sally Beauty Holdings Looks Ready To Move Higher From Here

Daniel Jones Investing Group Leader Follow Summary Sally Beauty Holdings, Inc. remains a Strong Buy, as shares are deeply undervalued and profit growth is expected this year. Despite a slight revenue miss and lowered full-year sales guidance, SBH outperformed on adjusted EPS and net income, driving positive market reaction. Sally Beauty Supply segment delivered solid growth in comparable sales and segment profits, offsetting weakness in the Beauty Systems Group. SBH management continues to pursue growth initiatives and expects improved operating cash flow and EBITDA versus last year, supporting the bullish stance. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » JHVEPhoto/iStock Editorial via Getty Images August 3rd was a really great day for shareholders of Sally Beauty Holdings, Inc. ( SBH ). The stock closed up 7.8% for the day. This is in response to management reporting financial results This article was written by Daniel Jones 37.71K Followers Follow Daniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.