LSV Asset Management lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,117,300 shares of the specialty retailer's stock after selling 352,200 shares during the period. LSV Asset Management owned 3.06% of Sally Beauty worth $32,576,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in SBH. Corient Private Wealth LLC lifted its holdings in shares of Sally Beauty by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after buying an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock worth $140,000 after purchasing an additional 1,090 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Sally Beauty by 119.1% in the 4th 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 period. DGS Capital Management LLC grew its position in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after purchasing an additional 2,575 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 2,764 shares during the period.
Wall Street Analyst Weigh In
SBH has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group began coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target on the stock. DA Davidson reduced 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 note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.70.
Get Our Latest Stock Report on SBH
Sally Beauty Price Performance
Shares of NYSE:SBH traded up $0.02 during trading on Thursday, hitting $8.03. 681,163 shares of the company were exchanged, compared to its average volume of 1,733,050. 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 Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79. The company has a market capitalization of $818.18 million, a P/E ratio of 4.81 and a beta of 1.35. The business's 50 day moving average is $8.91 and its 200-day moving average is $11.09.
Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.
Sally Beauty Company Profile
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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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