Lazard Asset Management LLC Has $2.09 Million Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Lazard Asset Management LLC boosted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 0.20% of Sally Beauty worth $2,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 59,478 shares during the period. M&T Bank Corp increased its holdings in shares of 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 period. Hillsdale Investment Management Inc. acquired a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $3,177,000. Vanguard Group Inc. raised its position in shares of Sally Beauty by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after buying an additional 279,222 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after buying an additional 56,879 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Sally Beauty currently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Price Performance

NYSE SBH traded up $0.17 on Thursday, hitting $8.89. 916,324 shares of the company's stock were exchanged, compared to its average volume of 1,807,900. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $10.31. 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 stock has a market cap of $896.44 million, a price-to-earnings ratio of 5.33 and a beta of 1.33.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Sally Beauty's revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share 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.