Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 92.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,243 shares of the specialty retailer's stock after selling 351,416 shares during the quarter. Bank of Montreal Can's holdings in Sally Beauty were worth $306,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after buying an additional 279,222 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Sally Beauty by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock worth $38,365,000 after purchasing an additional 156,580 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after purchasing an additional 59,478 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sally Beauty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock worth $32,790,000 after acquiring an additional 43,016 shares in the last quarter. Finally, Lightrock Netherlands B.V. bought a new position in Sally Beauty during the 4th quarter valued at approximately $9,413,000.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley cut their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price on the stock. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Performance

Shares of NYSE SBH traded down $0.17 during midday trading on Tuesday, reaching $7.91. 373,044 shares of the stock were exchanged, compared to its average volume of 1,761,139. The firm has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $10.77. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The firm has a market cap of $805.95 million, a price-to-earnings ratio of 4.75 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Sally Beauty Company Profile

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.