Fisher Asset Management LLC Has $26.21 Million Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC reduced its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,507,921 shares of the specialty retailer’s stock after selling 170,106 shares during the period. Fisher Asset Management LLC’s holdings in Sally Beauty were worth $26,208,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SBH. Creative Planning lifted its holdings in Sally Beauty by 9.7% in the third quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock valued at $516,000 after buying an additional 3,349 shares during the period. GSA Capital Partners LLP lifted its holdings in Sally Beauty by 3.2% in the third quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock valued at $2,000,000 after buying an additional 4,525 shares during the period. Victory Capital Management Inc. lifted its holdings in Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after buying an additional 10,016 shares during the period. Empowered Funds LLC lifted its holdings in Sally Beauty by 5.4% in the third quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock valued at $4,511,000 after buying an additional 16,884 shares during the period. Finally, LMR Partners LLP acquired a new position in Sally Beauty in the third quarter valued at approximately $157,000.

Analyst Ratings Changes

SBH has been the subject of several recent analyst reports. DA Davidson lowered their target price on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price for the company. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sally Beauty has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Stock Down 2.9 %

Shares of SBH stock opened at $8.76 on Tuesday. The firm has a fifty day moving average of $10.36 and a 200-day moving average of $12.05. 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 12-month low of $8.68 and a 12-month high of $14.79. The company has a market capitalization of $893.12 million, a price-to-earnings ratio of 5.25 and a beta of 1.55.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

About Sally Beauty

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.