Invesco Ltd. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 102.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,418,465 shares of the specialty retailer's stock after purchasing an additional 716,613 shares during the quarter. Invesco Ltd. owned about 1.39% of Sally Beauty worth $14,823,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. increased 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 valued at $39,000 after purchasing an additional 2,012 shares during the last quarter. R Squared Ltd bought a new stake in shares of Sally Beauty in the 4th quarter valued at about $56,000. KBC Group NV increased its stake in shares of Sally Beauty by 89.0% in the 4th 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 during the last quarter. Wealth Advisory Solutions LLC acquired a new stake in shares of Sally Beauty in the 4th quarter valued at approximately $105,000. Finally, EMC Capital Management increased its stake in Sally Beauty by 105.5% in the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock valued at $131,000 after purchasing an additional 6,436 shares in the last quarter.
Sally Beauty Stock Down 3.9 %
NYSE SBH traded down $0.31 on Friday, reaching $7.67. The company had a trading volume of 460,664 shares, compared to its average volume of 1,752,105. The company's fifty day moving average is $8.74 and its 200-day moving average is $10.87. The firm has a market capitalization of $781.58 million, a price-to-earnings ratio of 4.59 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. 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 Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on SBH shares. Morgan Stanley reduced their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price on the stock. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.70.
Check Out Our Latest Report on Sally Beauty
Sally Beauty Company Profile
(
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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