Beauty Supply Archives - jeremyhinzman

February 17, 2021 by: Alice J. Oliver

Rihanna Fenty Beauty brand under lens in India for ‘using mica from mines hiring child labour’

New Delhi: International pop star Rihanna, who created a stir in India by tweeting in support of the protesting farmers, is now under the scanner of the National Commission For Protection of Child Rights (NCPCR) for allegedly using mica from Indian mines — where “child labourers work in dire conditions” — in her cosmetics brand ‘Fenty Beauty’.

NCPCR chairman Priyank Kanoongo told The Print they are looking into the matter and “would do the needful”.

This comes after the NCPCR received a complaint Friday from NGO Legal Rights Observatory (LRO).

The complaint, a copy of

February 15, 2021 by: Alice J. Oliver

Revlon and Elizabeth Arden kickstart global brand extension strategy via MDR Brand Management partnership

The long-term, exclusive global partnership with MDR Brand Management will focus on growing Revlon Consumer Products Corporation’s flagship mega brands Revlon and Elizabeth Arden. This growth would be achieved via various brand extensions – new product launches, wider retail reach, and fresh consumer engagement projects, among others – some of which would be designed to take Revlon and Elizabeth Arden beyond their core reaches.

“This is not expansion for expansion sake; it’s expansion to create significant long-term revenue,” said Daniel Avener, CEO of MDR Brand Management.

“…Brand owners look to brand extension for different reasons. Typically, top of the

February 14, 2021 by: Alice J. Oliver

Hussman Strategic Advisors Inc. Has $2.67 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Hussman Strategic Advisors Inc. raised its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 205,000 shares of the specialty retailer’s stock after buying an additional 1,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Sally Beauty were worth $2,673,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its stake in Sally Beauty by 25.8% during the 2nd quarter. Advisor Group Holdings Inc. now owns

February 13, 2021 by: Alice J. Oliver

Sally Beauty Holdings, Inc. (NYSE:SBH) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.67.

Several brokerages have recently weighed in on SBH. Morgan Stanley raised shares of Sally Beauty from an “underweight” rating to an “equal weight”

February 12, 2021 by: Alice J. Oliver

Sally Beauty (NYSE:SBH) Releases Quarterly Earnings Results

Sally Beauty (NYSE:SBH) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03, MarketWatch Earnings reports. The business had revenue of $936.02 million during the quarter, compared to analysts’ expectations of $967.74 million. Sally Beauty had a negative return on equity of 535.36% and a net margin of 3.22%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS.

Shares of NYSE:SBH traded down $0.16 on Thursday, reaching $15.80. 123,512 shares

February 11, 2021 by: Alice J. Oliver

Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,405 shares of the specialty retailer’s stock after selling 46,571 shares during the quarter. Fisher Asset Management LLC owned 1.93% of Sally Beauty worth $28,341,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sally Beauty in the third quarter valued at approximately