Norges Bank Purchases New Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Norges Bank purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 123,917 shares of the specialty retailer's stock, valued at approximately $1,295,000. Norges Bank owned 0.12% of Sally Beauty at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock worth $129,880,000 after purchasing an additional 279,222 shares during the period. 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 buying an additional 156,580 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Sally Beauty by 2.3% in 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. Geode Capital Management LLC increased its position in Sally Beauty by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock valued at $32,790,000 after purchasing an additional 43,016 shares during the period. Finally, Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty in the 4th quarter valued at about $9,413,000.

Sally Beauty Price Performance

Shares of Sally Beauty stock traded up $0.01 during trading hours on Thursday, reaching $8.02. The stock had a trading volume of 376,452 shares, compared to its average volume of 1,731,824. The stock's 50 day moving average is $8.91 and its 200 day moving average is $11.09. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The firm has a market capitalization of $817.26 million, a PE ratio of 4.79 and a beta of 1.35.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Morgan Stanley reduced their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target on the stock. Finally, DA Davidson cut their price target on 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, two have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.70.

Sally Beauty Company 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.