Bank of America Corp DE Has $2.26 Million Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Bank of America Corp DE lessened its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,175 shares of the specialty retailer's stock after selling 97,485 shares during the period. Bank of America Corp DE owned approximately 0.21% of Sally Beauty worth $2,259,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SBH. Federated Hermes Inc. grew its stake in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the last quarter. KBC Group NV grew its position in Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new stake in Sally Beauty during the 4th quarter valued at $105,000. Quarry LP increased its holdings in Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 1,090 shares during the last quarter.

Sally Beauty Stock Down 3.6%

Shares of NYSE:SBH traded down $0.33 during trading on Thursday, hitting $8.79. 731,985 shares of the company's stock traded hands, compared to its average volume of 2,265,865. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company has a market cap of $886.35 million, a price-to-earnings ratio of 5.26 and a beta of 1.25. The company has a 50-day moving average price of $8.53 and a 200-day moving average price of $10.02. 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 quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $883.15 million for the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the business posted $0.35 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.70.

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.