Sally Beauty Holdings, Inc. (NYSE:SBH) Stake Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,270 shares of the specialty retailer's stock after selling 88,188 shares during the quarter. Ameriprise Financial Inc. owned 0.25% of Sally Beauty worth $2,657,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Federated Hermes Inc. grew its position in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV grew its position in Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $105,000. Finally, Quarry LP grew its position in Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 9,006 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on SBH shares. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson lowered their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty presently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Up 1.0%

Shares of Sally Beauty stock traded up $0.09 on Monday, hitting $8.80. 1,512,378 shares of the company's stock traded hands, compared to its average volume of 1,823,471. The stock has a market cap of $887.87 million, a P/E ratio of 5.27 and a beta of 1.33. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The firm's 50-day moving average is $8.52 and its 200 day moving average is $10.04. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. Equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current 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.