When Sally Beauty Holdings (NYSE: SBH) reported earnings 10 days ago on November 16, 2011, analysts, on average, expected the company to report earnings of $ 0.27 on sale for $ 826.6 mln. The company actually reported EPS of $ 0.29 on sale for $ 837.2 million, surpassing the estimate of $ 0.02 EPS and revenue estimates by $ beat 10.6 million. Since the company report, Sally Beauty Holdings shares fell from $ 20.46 to $ 19.22, representing a loss of 6.1% in the past 10 days.
Sally Beauty Holdings share price had moved between 52-week high of $ 20.94 and 52-week low of $ 12.39 and closed Thursday at 55% above low price at $ 19.22 per share. Over the past week, an average of 200-day moving averages (MA) was up 0.6% while the 50-day MA has advanced 0.8%.
Sally Beauty Holdings, Inc. distributes and sells beauty products. The company distributes products directly to the salon, and sell beauty products through chain stores and carry cash.
Sally Beauty Holdings have overhead space with shares priced at $ 19.22, or 17.2% below the average consensus analyst price target $ 23: 20. Stocks should find support early on an average of 50 days moving average (MA) from $ 18.38 and support the next in the 200-day M.A. of $ 16.26.
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