Northern Trust Corp increased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,338,087 shares of the specialty retailer's stock after purchasing an additional 82,714 shares during the period. Northern Trust Corp owned approximately 1.31% of Sally Beauty worth $13,983,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SBH. Federated Hermes Inc. raised 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 acquiring an additional 2,012 shares in the last quarter. R Squared Ltd acquired a new position in Sally Beauty in the 4th quarter valued at approximately $56,000. KBC Group NV raised its holdings in 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 in the last quarter. Wealth Advisory Solutions LLC acquired a new position in Sally Beauty in the 4th quarter valued at approximately $105,000. Finally, Quarry LP grew its stake in shares of Sally Beauty by 302.2% in the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares during the period.
Sally Beauty Stock Performance
SBH opened at $9.08 on Friday. The business's 50-day moving average price is $8.53 and its two-hundred day moving average price is $10.43. 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 $925.74 million, a price-to-earnings ratio of 5.44 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.
Sally Beauty (NYSE:SBH - Get Free Report) last announced 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 company had revenue of $883.15 million during the quarter, compared to analysts' expectations 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 for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on SBH shares. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. 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. Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective on the stock. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.70.
Read Our Latest Research Report on SBH
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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