Teacher Retirement System of Texas Sells 525,456 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Teacher Retirement System of Texas cut its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 71.7% during the first quarter, according to its most recent disclosure with the 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 valued at $129,880,000 after purchasing an additional 279,222 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after purchasing an additional 459,972 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Sally Beauty by 5.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after purchasing an additional 214,108 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Sally Beauty by 2.3% in 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 acquiring an additional 59,478 shares in the last quarter. Finally, Invesco Ltd. grew its position in Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock worth $14,823,000 after acquiring an additional 716,613 shares in the last quarter.

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 given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Performance

Shares of NYSE SBH traded down $0.17 during trading hours on Friday, hitting $9.83. 1,287,961 shares of the stock were exchanged, compared to its average volume of 1,851,335. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. The company's 50 day moving average is $9.02 and its 200 day moving average is $9.34. The firm has a market capitalization of $991.75 million, a P/E ratio of 5.52 and a beta of 1.26. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one 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 (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. Sally Beauty's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

About Sally Beauty

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.