Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by M&T Bank Corp

M&T Bank Corp grew its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 40.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,783 shares of the specialty retailer’s stock after purchasing an additional 23,111 shares during the period. M&T Bank Corp owned about 0.07% of Sally Beauty worth $693,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Nordea Investment Management AB increased its stake in Sally Beauty by 94.7% during the second quarter. Nordea Investment Management AB now owns 6,067,220 shares of the specialty retailer’s stock worth $74,748,000 after purchasing an additional 2,950,541 shares during the period. LSV Asset Management increased its stake in Sally Beauty by 73.8% during the third quarter. LSV Asset Management now owns 5,313,545 shares of the specialty retailer’s stock worth $46,174,000 after purchasing an additional 2,256,249 shares during the period. AQR Capital Management LLC increased its stake in Sally Beauty by 73.8% during the second quarter. AQR Capital Management LLC now owns 3,683,311 shares of the specialty retailer’s stock worth $45,563,000 after purchasing an additional 1,564,565 shares during the period. Goldman Sachs Group Inc. increased its stake in Sally Beauty by 110.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,059,541 shares of the specialty retailer’s stock worth $13,276,000 after purchasing an additional 556,973 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Sally Beauty by 5,272.6% during the second quarter. Victory Capital Management Inc. now owns 1,012,727 shares of the specialty retailer’s stock worth $12,689,000 after purchasing an additional 993,877 shares during the period.

In other Sally Beauty news, Director Edward W. Rabin bought 4,000 shares of Sally Beauty stock in a transaction on Tuesday, November 17th. The stock was bought at an average price of $11.04 per share, with a total value of $44,160.00. Following the completion of the acquisition, the director now owns 31,826 shares in the company, valued at $351,359.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christian A. Brickman bought 11,350 shares of Sally Beauty stock in a transaction on Tuesday, November 17th. The stock was acquired at an average cost of $10.94 per share, with a total value of $124,169.00. Following the acquisition, the chief executive officer now owns 457,571 shares of the company’s stock, valued at approximately $5,005,826.74. The disclosure for this purchase can be found here. 2.62% of the stock is owned by company insiders.

Shares of NYSE SBH opened at $10.80 on Friday. The stock has a fifty day moving average price of $9.49 and a 200 day moving average price of $11.44. Sally Beauty Holdings, Inc. has a 1-year low of $6.28 and a 1-year high of $19.23. The company has a market cap of $1.22 billion, a PE ratio of 11.49, a P/E/G ratio of 1.12 and a beta of 1.20.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, November 17th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Sally Beauty had a negative return on equity of 305.73% and a net margin of 3.18%. The firm had revenue of $957.80 million during the quarter, compared to the consensus estimate of $988.54 million. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.15 EPS for the current year.

Several brokerages have commented on SBH. Bank of America dropped their price target on shares of Sally Beauty from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, November 16th. Oppenheimer dropped their price target on shares of Sally Beauty from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. DA Davidson dropped their price target on shares of Sally Beauty from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, November 13th. Finally, Zacks Investment Research lowered shares of Sally Beauty from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Tuesday, November 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.29.

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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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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