Sterling Capital Management LLC raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 10,619.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,910 shares of the specialty retailer's stock after buying an additional 38,547 shares during the period. Sterling Capital Management LLC's holdings in Sally Beauty were worth $407,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after purchasing an additional 279,222 shares during the period. Victory Capital Management Inc. raised its position in Sally Beauty by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock valued at $38,365,000 after purchasing an additional 156,580 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after buying an additional 59,478 shares during the last quarter. Geode Capital Management LLC grew its position in Sally Beauty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock valued at $32,790,000 after acquiring an additional 43,016 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Sally Beauty by 102.1% during the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock worth $14,823,000 after acquiring an additional 716,613 shares in the last quarter.
Sally Beauty Trading Up 0.3 %
Sally Beauty stock traded up $0.03 during midday trading on Thursday, reaching $7.96. The stock had a trading volume of 569,875 shares, compared to its average volume of 1,747,851. The company has a fifty day moving average of $8.77 and a 200 day moving average of $10.90. The firm has a market cap of $811.04 million, a price-to-earnings ratio of 4.77 and a beta of 1.35. 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 52-week low of $7.54 and a 52-week high of $14.79.
Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on SBH. DA Davidson decreased their price target 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 began coverage on Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley cut their target price 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.70.
Read Our Latest Research 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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