LSV Asset Management Sells 32,168 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

LSV Asset Management lessened its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,085,132 shares of the specialty retailer's stock after selling 32,168 shares during the period. LSV Asset Management owned approximately 3.03% of Sally Beauty worth $27,859,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its stake in Sally Beauty by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock valued at $656,000 after acquiring an additional 1,323 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 1,735 shares in the last quarter. Federated Hermes Inc. lifted its holdings 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 acquiring an additional 2,012 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sally Beauty by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer's stock valued at $612,000 after purchasing an additional 2,137 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Sally Beauty by 536.4% in the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after buying an additional 3,304 shares during the last quarter.

Sally Beauty Price Performance

Shares of Sally Beauty stock traded up $1.71 on Tuesday, reaching $11.68. The stock had a trading volume of 3,493,434 shares, compared to its average volume of 1,640,892. The company has a market cap of $1.18 billion, a P/E ratio of 6.56 and a beta of 1.30. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The business's 50 day moving average is $9.41 and its two-hundred day moving average is $9.21. The company has a current ratio of 2.32, a quick ratio of 0.44 and a debt-to-equity ratio of 1.29.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The business had revenue of $933.31 million for the quarter, compared to analyst estimates of $928.78 million. During the same period in the prior year, the company earned $0.45 EPS. The company's quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Sally Beauty 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.