Nuveen Asset Management LLC grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001,507 shares of the specialty retailer's stock after buying an additional 194,535 shares during the quarter. Nuveen Asset Management LLC owned 0.98% of Sally Beauty worth $10,466,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Sally Beauty by 2.3% during the fourth 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 during the last quarter. M&T Bank Corp boosted its holdings in Sally Beauty by 127.4% during the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock worth $672,000 after purchasing an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Sally Beauty during the fourth quarter worth $3,177,000. Vanguard Group Inc. boosted its holdings in Sally Beauty by 2.3% during the fourth 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. Finally, Millennium Management LLC boosted its holdings in Sally Beauty by 1,177.7% during the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter.
Analyst Ratings Changes
Several brokerages recently commented on SBH. DA Davidson reduced their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sally Beauty has an average rating of "Hold" and an average price target of $12.70.
View Our Latest Stock Analysis on SBH
Sally Beauty Price Performance
Shares of SBH traded down $0.15 during mid-day trading on Friday, reaching $8.70. The company had a trading volume of 2,181,320 shares, compared to its average volume of 1,824,732. The company's 50 day simple moving average is $8.52 and its 200 day simple moving average is $10.07. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market capitalization of $877.78 million, a price-to-earnings ratio of 5.21 and a beta of 1.33.
Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $883.15 million for the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.
About Sally Beauty
(
Free Report)
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.
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