Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,692 shares of the specialty retailer's stock after buying an additional 53,067 shares during the period. Lazard Asset Management LLC owned about 0.20% of Sally Beauty worth $2,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SBH. Vanguard Group Inc. boosted its holdings in Sally Beauty by 2.3% in the 4th 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sally Beauty by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock worth $42,316,000 after acquiring an additional 459,972 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Sally Beauty by 5.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock worth $42,037,000 after acquiring an additional 214,108 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Sally Beauty by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock worth $38,365,000 after acquiring an additional 156,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sally Beauty by 2.3% in the 4th 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 during the last quarter.

Sally Beauty Stock Down 0.6%

Shares of NYSE SBH traded down $0.06 during mid-day trading on Friday, reaching $8.77. The company had a trading volume of 1,497,166 shares, compared to its average volume of 1,813,163. 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 firm has a 50 day simple moving average of $8.52 and a two-hundred day simple moving average of $10.26. The stock has a market cap of $884.34 million, a P/E ratio of 5.25 and a beta of 1.33. 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 posted its earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $883.15 million for the quarter, compared to the consensus estimate of $901.00 million. During the same period last year, the firm posted $0.35 EPS. The company's revenue was down 2.8% on a year-over-year basis. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

SBH has been the topic of a number of research reports. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday. DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.70.

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.