[ad_1]
State of Tennessee Treasury Department grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,348 shares of the specialty retailer’s stock after acquiring an additional 8,489 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Sally Beauty worth $1,130,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SBH. New York State Common Retirement Fund raised its stake in shares of Sally Beauty by 408.2% in the first quarter. New York State Common Retirement Fund now owns 412,710 shares of the specialty retailer’s stock valued at $6,451,000 after acquiring an additional 331,496 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Sally Beauty by 6.7% in the first quarter. Principal Financial Group Inc. now owns 3,031,516 shares of the specialty retailer’s stock worth $47,383,000 after purchasing an additional 189,583 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sally Beauty by 50.3% in the fourth quarter. Renaissance Technologies LLC now owns 467,100 shares of the specialty retailer’s stock worth $8,623,000 after purchasing an additional 156,384 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Sally Beauty by 27.9% in the first quarter. Pacer Advisors Inc. now owns 566,542 shares of the specialty retailer’s stock worth $8,855,000 after purchasing an additional 123,636 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Sally Beauty by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,956,629 shares of the specialty retailer’s stock worth $36,119,000 after purchasing an additional 111,357 shares during the last quarter.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. DA Davidson cut their price target on shares of Sally Beauty from $16.00 to $14.50 and set a “neutral” rating on the stock in a report on Monday, August 8th. Morgan Stanley cut their price target on shares of Sally Beauty from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, August 8th. Oppenheimer cut shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. StockNews.com cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Cowen cut shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 target price on the stock. in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.30.
Sally Beauty Stock Up 0.6 %
NYSE:SBH opened at $14.88 on Thursday. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.28 and a fifty-two week high of $21.86. The stock has a market capitalization of $1.59 billion, a P/E ratio of 7.29 and a beta of 1.38. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.29 and a current ratio of 1.60. The company’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $14.90.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Sally Beauty had a net margin of 5.99% and a return on equity of 90.85%. The firm had revenue of $961.47 million during the quarter, compared to the consensus estimate of $950.97 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.
Sally Beauty Profile
(Get Rating)
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.
Read More
Receive News & Ratings for Sally Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sally Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link
