First Trust Advisors LP decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 256,716 shares of the specialty retailer's stock after selling 80,874 shares during the period. First Trust Advisors LP owned approximately 0.25% of Sally Beauty worth $2,683,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 2,012 shares during the period. R Squared Ltd acquired a new stake in shares of Sally Beauty in the 4th quarter worth approximately $56,000. KBC Group NV boosted its holdings in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new position in shares of Sally Beauty during the fourth quarter valued at approximately $105,000. Finally, EMC Capital Management raised its holdings in Sally Beauty by 105.5% during the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock worth $131,000 after purchasing an additional 6,436 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Canaccord Genuity Group initiated coverage on Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target on the stock. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. DA Davidson cut their price target 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. Finally, Morgan Stanley lowered their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.70.
View Our Latest Stock Analysis on SBH
Sally Beauty Trading Down 1.8 %
Shares of NYSE SBH traded down $0.15 during mid-day trading on Friday, hitting $8.20. 2,215,466 shares of the company traded hands, compared to its average volume of 1,780,998. The business has a 50 day moving average of $8.51 and a two-hundred day moving average of $10.50. The stock has a market capitalization of $836.02 million, a price-to-earnings ratio of 4.91 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. On average, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal 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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