Advisor Group Inc. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 188.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,744 shares of the specialty retailer’s stock after acquiring an additional 5,710 shares during the quarter. Advisor Group Inc.’s holdings in Sally Beauty were worth $149,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SBH. AlphaCrest Capital Management LLC acquired a new position in shares of Sally Beauty during the 4th quarter worth approximately $201,000. Raymond James & Associates lifted its position in shares of Sally Beauty by 56.7% during the 4th quarter. Raymond James & Associates now owns 35,753 shares of the specialty retailer’s stock valued at $610,000 after buying an additional 12,933 shares in the last quarter. Texas Permanent School Fund grew its stake in Sally Beauty by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 78,621 shares of the specialty retailer’s stock valued at $1,340,000 after acquiring an additional 3,028 shares during the period. Hodges Capital Management Inc. grew its stake in Sally Beauty by 476.5% in the 4th quarter. Hodges Capital Management Inc. now owns 393,140 shares of the specialty retailer’s stock valued at $6,703,000 after acquiring an additional 324,940 shares during the period. Finally, GAM Holding AG purchased a new stake in Sally Beauty in the 4th quarter worth $861,000.
A number of equities analysts have weighed in on SBH shares. Zacks Investment Research cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Citigroup started coverage on shares of Sally Beauty in a research report on Thursday, December 20th. They issued an “underweight” rating on the stock. ValuEngine cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Wells Fargo & Co set a $18.00 target price on shares of Sally Beauty and gave the stock a “hold” rating in a research note on Tuesday, February 5th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.56.
In other Sally Beauty news, Director Edward W. Rabin bought 4,500 shares of Sally Beauty stock in a transaction dated Thursday, February 7th. The stock was acquired at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the completion of the transaction, the director now directly owns 19,732 shares of the company’s stock, valued at $348,269.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aaron E. Alt purchased 2,700 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was acquired at an average cost of $18.66 per share, for a total transaction of $50,382.00. Following the completion of the purchase, the chief financial officer now owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.
Shares of NYSE:SBH opened at $19.44 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 9.00, a PEG ratio of 2.22 and a beta of 0.44. Sally Beauty Holdings, Inc. has a 1 year low of $13.72 and a 1 year high of $23.61.
Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm had revenue of $989.45 million during the quarter, compared to analysts’ expectations of $992.83 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current fiscal year.
About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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