Sally Beauty Holdings, Inc. (SBH) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 7.94% of Sally Beauty Holdings worth $231,591,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SBH. Ladenburg Thalmann Financial Services Inc. raised its position in Sally Beauty Holdings by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,274 shares of the specialty retailer’s stock worth $136,000 after buying an additional 14 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock worth $120,000 after buying an additional 616 shares during the last quarter. Cutler Group LP raised its position in shares of Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock worth $130,000 after buying an additional 5,447 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock worth $152,000 after buying an additional 784 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 last quarter.

Shares of Sally Beauty Holdings, Inc. (SBH) opened at 19.06 on Wednesday. The company’s 50 day moving average is $18.88 and its 200-day moving average is $21.65. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.73. The company has a market capitalization of $2.64 billion, a P/E ratio of 11.82 and a beta of 0.66.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, May 4th. The specialty retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. The business had revenue of $966.50 million for the quarter, compared to the consensus estimate of $986.09 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post $1.76 EPS for the current year.

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A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson assumed coverage on shares of Sally Beauty Holdings in a research report on Thursday, July 6th. They set a “neutral” rating and a $23.00 target price on the stock. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. ValuEngine lowered shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird set a $26.00 target price on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Saturday, May 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Sally Beauty Holdings currently has a consensus rating of “Hold” and a consensus price target of $27.10.

In other news, CEO Christian A. Brickman purchased 10,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $176,100.00. Following the acquisition, the chief executive officer now owns 152,743 shares in the company, valued at $2,689,804.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Miller purchased 20,000 shares of the stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $18.35 per share, with a total value of $367,000.00. Following the acquisition, the director now owns 39,802 shares in the company, valued at approximately $730,366.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 61,750 shares of company stock worth $1,130,860. 0.97% of the stock is owned by corporate insiders.

Sally Beauty Holdings Company Profile

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.

Institutional Ownership by Quarter for Sally Beauty Holdings (NYSE:SBH)

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