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NEW YORK - Sally Beauty Holdings, Inc. (NYSE: SBH), a $865 million beauty supplies retailer trading at an attractive P/E ratio of 5.2x, announced Wednesday the appointment of Max Rangel to its Board of Directors, effective immediately. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment.
Rangel, who currently serves as Global President and CEO of Spin Master Corporation, brings over 30 years of consumer products industry experience to the beauty retailer’s board. He previously held executive positions at S.C. Johnson & Son, The Hershey Company, and spent 22 years at Procter & Gamble in various leadership roles.
Diana Ferguson, Chair of Sally Beauty’s Board, said Rangel’s experience in "driving operational excellence along with brand transformation, innovative marketing, and growth across leading global companies" would benefit the company.
Rangel will serve on the Nominating, Governance and Corporate Responsibility Committee and the Compensation and Talent Committee. His appointment expands the board to ten directors, with nine being independent.
At Spin Master, Rangel has overseen strategic expansion including the acquisition of Melissa & Doug. Prior to this role, he led regional operations at S.C. Johnson & Son from 2015 to 2020 and served as Senior Vice President, Global Chocolate at The Hershey Company from 2012 to 2015.
Rangel holds an MBA and a Bachelor of Science in Engineering from Tulane University.
Sally Beauty Holdings operates through Sally Beauty Supply and Beauty Systems Group, selling professional beauty supplies globally. While the stock has declined 29% over the past six months, InvestingPro analysis reveals a perfect Piotroski Score of 9, indicating strong financial health. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks. The information in this article is based on a company press release.
In other recent news, Sally Beauty Holdings reported its second-quarter earnings for fiscal year 2025, surpassing earnings per share (EPS) expectations with a reported EPS of $0.42 compared to the forecast of $0.39. However, the company’s revenue fell short of expectations, reaching $883 million against the anticipated $901.9 million. Despite the revenue miss, the company maintained strong gross margins and improved its adjusted operating margin by 90 basis points to 8.5%. Analysts from TD Cowen adjusted their outlook on Sally Beauty, reducing the price target from $16.00 to $13.00, but maintained a Buy rating due to the company’s modest valuation and innovation in haircare products. Canaccord Genuity also upheld a Buy rating with a $14.00 price target, viewing the company’s expansion in nail products as a strategic move. Sally Beauty plans to expand its nail product range significantly, which currently accounts for about 10% of total sales at Sally Beauty Supply. The company’s management revised its fiscal year 2025 guidance, now expecting operating margins to range between 8.0% and 8.5%, down from previous expectations. These developments reflect Sally Beauty’s efforts to navigate a challenging market environment while maintaining a focus on strategic initiatives and innovation.
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