Teacher Retirement System of Texas Reduces Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Teacher Retirement System of Texas cut its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 71.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 207,389 shares of the specialty retailer's stock after selling 525,456 shares during the period. Teacher Retirement System of Texas owned about 0.20% of Sally Beauty worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in Sally Beauty by 100.0% during 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. Parallel Advisors LLC grew its stake in Sally Beauty by 536.4% during the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 3,304 shares in the last quarter. 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 valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. GAMMA Investing LLC grew its stake in Sally Beauty by 820.3% during the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Quarry LP grew its stake in Sally Beauty by 302.2% during 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research 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 MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and a consensus price target of $12.63.

Sally Beauty Trading Up 2.7%

Shares of SBH traded up $0.27 during midday trading on Monday, hitting $10.09. The stock had a trading volume of 1,594,112 shares, compared to its average volume of 1,853,591. The stock's 50 day moving average is $9.05 and its 200 day moving average is $9.30. The firm has a market cap of $1.02 billion, a PE ratio of 5.67 and a beta of 1.26. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same period in the prior year, the company posted $0.35 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS 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.