Vanguard Group Inc. raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,330,251 shares of the specialty retailer’s stock after buying an additional 501,039 shares during the period. Vanguard Group Inc. owned approximately 7.94% of Sally Beauty Holdings worth $231,591,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SBH. Thrivent Financial For Lutherans increased its position in shares of Sally Beauty Holdings by 2.4% in the first quarter. Thrivent Financial For Lutherans now owns 108,770 shares of the specialty retailer’s stock worth $2,223,000 after buying an additional 2,530 shares in the last quarter. Ngam Advisors L.P. increased its position in Sally Beauty Holdings by 135.6% in the first quarter. Ngam Advisors L.P. now owns 302,727 shares of the specialty retailer’s stock worth $6,188,000 after buying an additional 174,258 shares during the period. Legal & General Group Plc increased its position in Sally Beauty Holdings by 70.5% in the first quarter. Legal & General Group Plc now owns 138,030 shares of the specialty retailer’s stock worth $2,822,000 after buying an additional 57,095 shares during the period. PNC Financial Services Group Inc. increased its position in Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares during the period. Finally, Laurion Capital Management LP purchased a new position in Sally Beauty Holdings during the first quarter worth about $497,000.
Sally Beauty Holdings, Inc. (SBH) traded up 2.92% during midday trading on Friday, hitting $20.80. The company had a trading volume of 2,749,526 shares. The stock has a 50 day moving average price of $19.73 and a 200-day moving average price of $20.55. The stock has a market capitalization of $2.88 billion, a PE ratio of 12.90 and a beta of 0.65. Sally Beauty Holdings, Inc. has a 52 week low of $17.26 and a 52 week high of $30.17.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post $1.80 EPS for the current year.
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A number of equities analysts have issued reports on the company. BMO Capital Markets set a $21.00 price objective on Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, DA Davidson initiated coverage on Sally Beauty Holdings in a research note on Thursday, July 6th. They issued a “neutral” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.22.
In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 10,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $17.61 per share, with a total value of $176,100.00. Following the transaction, the chief executive officer now directly owns 152,743 shares of the company’s stock, valued at approximately $2,689,804.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Olen Haltom sold 3,060 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $20.00, for a total value of $61,200.00. Following the transaction, the senior vice president now directly owns 6,999 shares in the company, valued at $139,980. The disclosure for this sale can be found here. Insiders have purchased a total of 61,750 shares of company stock worth $1,130,860 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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