Schroder Investment Management Group Has $34.92 Million Position in Sally Beauty Holdings, Inc. (SBH)

Schroder Investment Management Group boosted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 526.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,861,375 shares of the specialty retailer’s stock after buying an additional 1,564,075 shares during the period. Schroder Investment Management Group’s holdings in Sally Beauty were worth $34,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in Sally Beauty by 24.2% in the fourth quarter. Arizona State Retirement System now owns 92,432 shares of the specialty retailer’s stock valued at $1,734,000 after buying an additional 18,013 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Sally Beauty by 10.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 212,630 shares of the specialty retailer’s stock valued at $3,989,000 after buying an additional 19,670 shares during the period. Wells Fargo & Company MN lifted its holdings in Sally Beauty by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 548,558 shares of the specialty retailer’s stock valued at $10,291,000 after buying an additional 105,050 shares during the period. First Trust Advisors LP lifted its holdings in Sally Beauty by 19.1% in the fourth quarter. First Trust Advisors LP now owns 248,441 shares of the specialty retailer’s stock valued at $4,661,000 after buying an additional 39,852 shares during the period. Finally, Sei Investments Co. lifted its holdings in Sally Beauty by 1.3% in the fourth quarter. Sei Investments Co. now owns 289,284 shares of the specialty retailer’s stock valued at $5,427,000 after buying an additional 3,833 shares during the period.

Shares of Sally Beauty Holdings, Inc. (SBH) opened at $17.22 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.97 and a debt-to-equity ratio of -5.17. The firm has a market cap of $2,154.27, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.42. Sally Beauty Holdings, Inc. has a twelve month low of $14.05 and a twelve month high of $23.04.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The company had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 2.37 EPS for the current year.

Several equities analysts recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of Sally Beauty in a report on Friday, November 24th. BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a report on Thursday, February 8th. Buckingham Research cut their price objective on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. DA Davidson lowered shares of Sally Beauty from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $16.00 in a report on Sunday, November 26th. Finally, Zacks Investment Research upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

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Sally Beauty 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.

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

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