Sally Beauty Holdings, Inc. (NYSE: SBH) has been acquiring a number of new institutional investors lately, with Bank of New York Mellon Corp growing its holdings in the company by 1.8% in the third quarter. This has resulted in the firm owning 1,135,367 shares of Sally Beauty stock, worth $14,304,000, after purchasing an additional 19,749 shares during the quarter. Other institutional investors making changes to their positions in SBH include Royal Bank of Canada, Captrust Financial Advisors, UBS Group AG, Walleye Capital LLC, and Schechter Investment Advisors LLC.
Sally Beauty’s stock performance has remained stable, opening at $15.58 on Monday, with a 50-day simple moving average of $15.88 and a 200-day simple moving average of $13.86. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.32, and a beta of 1.30. Sally Beauty Holdings, Inc. has a 12-month low of $10.95 and a 12-month high of $18.42.
On February 2nd, Sally Beauty reported a quarterly revenue of $957.06 million, beating analysts’ consensus estimates of $921.74 million due to the specialty retailer reporting $0.52 EPS for the quarter, up from last year’s $0.63. The company’s quarterly revenue was down 2.4% on a year-over-year basis.
Despite this, a number of equities research analysts have rated Sally Beauty’s stock poorly, with two analysts even giving it a sell rating. Five analysts have given the company a hold rating and only one has given it a buy rating. Nevertheless, Sally Beauty has continued to attract new investors and shows stability in the stock market.
