615,384 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 615,384 shares of the specialty retailer's stock, valued at approximately $8,172,000. Teacher Retirement System of Texas owned approximately 0.59% of Sally Beauty at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Access Investment Management LLC acquired a new stake in Sally Beauty in the 4th quarter valued at $3,320,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sally Beauty by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,242,861 shares of the specialty retailer's stock valued at $29,785,000 after acquiring an additional 131,603 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Sally Beauty by 8,891.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,804,102 shares of the specialty retailer's stock valued at $37,238,000 after acquiring an additional 2,772,915 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Sally Beauty by 26.3% during the fourth quarter. New York State Common Retirement Fund now owns 565,444 shares of the specialty retailer's stock valued at $7,509,000 after acquiring an additional 117,921 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of Sally Beauty by 12.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the specialty retailer's stock valued at $2,789,000 after acquiring an additional 23,000 shares in the last quarter.

Sally Beauty Stock Up 5.4 %

Shares of SBH stock traded up $0.58 during trading hours on Monday, hitting $11.24. 1,967,662 shares of the company were exchanged, compared to its average volume of 1,427,348. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99. The business's 50-day simple moving average is $11.37 and its two-hundred day simple moving average is $11.50. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.91. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 7.25 and a beta of 1.49.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business had revenue of $908.36 million during the quarter, compared to the consensus estimate of $910.72 million. During the same period in the prior year, the business earned $0.41 EPS. The business's revenue was down 1.1% on a year-over-year basis. Sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen lowered their target price on Sally Beauty from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. Finally, Piper Sandler reduced their price target on shares of Sally Beauty from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.00.

Sally Beauty 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.