Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,405 shares of the specialty retailer’s stock after selling 46,571 shares during the quarter. Fisher Asset Management LLC owned 1.93% of Sally Beauty worth $28,341,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sally Beauty in the third quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new stake in shares of Sally Beauty during the third quarter worth approximately $50,000. Advisor Group Holdings Inc. grew its position in shares of Sally Beauty by 25.8% during the second quarter. Advisor Group Holdings Inc. now owns 5,596 shares of the specialty retailer’s stock worth $69,000 after buying an additional 1,148 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in Sally Beauty in the third quarter worth $113,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Sally Beauty during the third quarter worth about $127,000.
SBH stock opened at $15.96 on Thursday. Sally Beauty Holdings, Inc. has a 12-month low of $6.28 and a 12-month high of $16.56. The company has a quick ratio of 1.10, a current ratio of 2.54 and a debt-to-equity ratio of 116.36. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.24 and a beta of 1.54. The company has a 50 day moving average of $13.54 and a two-hundred day moving average of $11.65.
Sally Beauty (NYSE:SBH) last released its earnings results on Tuesday, November 17th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Sally Beauty had a net margin of 3.22% and a negative return on equity of 535.36%. The company had revenue of $957.80 million during the quarter, compared to the consensus estimate of $988.54 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.86 EPS for the current year.
In other Sally Beauty news, Director Edward W. Rabin bought 4,000 shares of the stock in a transaction on Tuesday, November 17th. The shares were purchased at an average cost of $11.04 per share, with a total value of $44,160.00. Following the completion of the transaction, the director now directly owns 31,826 shares of the company’s stock, valued at approximately $351,359.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christian A. Brickman bought 11,350 shares of the firm’s stock in a transaction that occurred on Tuesday, November 17th. The shares were acquired at an average price of $10.94 per share, with a total value of $124,169.00. Following the purchase, the chief executive officer now owns 457,571 shares in the company, valued at $5,005,826.74. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on SBH shares. Oppenheimer dropped their price objective on shares of Sally Beauty from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. Zacks Investment Research lowered shares of Sally Beauty from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Tuesday, November 3rd. Bank of America dropped their price target on shares of Sally Beauty from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, November 16th. DA Davidson dropped their price target on shares of Sally Beauty from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, November 13th. Finally, Morgan Stanley upgraded shares of Sally Beauty from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Sally Beauty has an average rating of “Hold” and an average price target of $11.29.
Sally Beauty Company 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, skin and nail care, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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