VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 52.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,300 shares of the specialty retailer’s stock after selling 57,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Sally Beauty worth $842,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of SBH. BlackRock Inc. acquired a new position in shares of Sally Beauty in the 2nd quarter worth approximately $223,172,000. Dimensional Fund Advisors LP raised its holdings in shares of Sally Beauty by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock worth $81,323,000 after purchasing an additional 202,020 shares in the last quarter. Access Investment Management LLC lifted its stake in Sally Beauty by 1.3% during the third quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock valued at $9,427,000 after purchasing an additional 7,380 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Sally Beauty during the second quarter valued at approximately $9,347,000. Finally, Pacer Advisors Inc. bought a new stake in Sally Beauty during the first quarter worth approximately $8,102,000.
Sally Beauty Price Performance
NYSE SBH opened at $18.70 on Friday. The stock’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $15.13. The company has a current ratio of 2.37, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.75 billion, a PE ratio of 9.74 and a beta of 1.09. Sally Beauty Holdings, Inc. has a 1 year low of $11.54 and a 1 year high of $19.60.
Sally Beauty (NYSE:SBH – Get Free Report) last announced its earnings results on Monday, August 3rd. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The company had revenue of $935.49 million during the quarter, compared to analysts’ expectations of $938.45 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.
Analyst Upgrades and Downgrades
SBH has been the topic of several recent research reports. TD Cowen assumed coverage on shares of Sally Beauty in a research report on Friday, October 30th. They issued a “strong-buy” rating on the stock. Wall Street Zen downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.40.
Read Our Latest Report on Sally Beauty
About Sally Beauty
Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.
Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.
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