Allianz Asset Management GmbH Has $8.21 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Key Points

• Allianz Asset Management GmbH increased its stake in Sally Beauty Holdings by 32.5%, acquiring an additional 223,257 shares in the first quarter, bringing its total holdings to 909,204 shares.
• Sally Beauty reported $0.42 earnings per share, exceeding analysts' expectations, but experienced a revenue decline of 2.8% compared to the same quarter last year.
• Wall Street analysts have adjusted their ratings on Sally Beauty, with a consensus rating of "Hold" and a price target set at $12.63.

Allianz Asset Management GmbH increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 32.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 909,204 shares of the specialty retailer's stock after buying an additional 223,257 shares during the quarter. Allianz Asset Management GmbH owned about 0.89% of Sally Beauty worth $8,210,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SBH. SG Americas Securities LLC purchased a new position in shares of Sally Beauty in the first quarter valued at $309,000. GAMMA Investing LLC boosted its stake in shares of Sally Beauty by 8,210.4% in the first quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after purchasing an additional 42,037 shares during the period. Millennium Management LLC boosted its stake in shares of Sally Beauty by 1,177.7% in the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after purchasing an additional 1,047,199 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sally Beauty by 19.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer's stock worth $3,071,000 after purchasing an additional 47,246 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock worth $129,880,000 after purchasing an additional 279,222 shares during the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.63.

Sally Beauty Price Performance

Sally Beauty stock traded down $0.10 during midday trading on Wednesday, hitting $10.06. The company's stock had a trading volume of 1,367,557 shares, compared to its average volume of 1,519,489. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The stock's 50-day moving average price is $9.36 and its 200-day moving average price is $9.26. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The company has a market capitalization of $1.01 billion, a PE ratio of 5.65 and a beta of 1.26.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $883.15 million for the quarter, compared to analysts' expectations of $901.00 million. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. Sally Beauty's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share 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.