State Board of Administration of Florida Retirement System Has $4,128,000 Holdings in Sally Beauty Holdings, Inc. (SBH)

State Board of Administration of Florida Retirement System maintained its position in Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,862 shares of the specialty retailer’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Sally Beauty Holdings worth $4,128,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in shares of Sally Beauty Holdings during the second quarter valued at approximately $6,676,000. LSV Asset Management increased its stake in shares of Sally Beauty Holdings by 1.3% during the first quarter. LSV Asset Management now owns 703,500 shares of the specialty retailer’s stock valued at $14,379,000 after purchasing an additional 8,800 shares in the last quarter. UBS Group AG increased its stake in shares of Sally Beauty Holdings by 7.5% during the first quarter. UBS Group AG now owns 42,487 shares of the specialty retailer’s stock valued at $869,000 after purchasing an additional 2,964 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Sally Beauty Holdings by 2.4% during the first quarter. Thrivent Financial For Lutherans now owns 108,770 shares of the specialty retailer’s stock valued at $2,223,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of Sally Beauty Holdings by 15.3% during the first quarter. Credit Suisse AG now owns 183,855 shares of the specialty retailer’s stock valued at $3,758,000 after purchasing an additional 24,344 shares in the last quarter.

Sally Beauty Holdings, Inc. (NYSE SBH) traded down 0.10% during midday trading on Friday, hitting $20.16. 272,632 shares of the stock were exchanged. The firm’s 50 day moving average price is $19.57 and its 200 day moving average price is $19.67. The company has a market cap of $2.67 billion, a PE ratio of 12.31 and a beta of 0.66. Sally Beauty Holdings, Inc. has a 12 month low of $17.26 and a 12 month high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The firm had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.47 EPS. Sally Beauty Holdings’s revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post $1.82 earnings per share for the current fiscal year.

Sally Beauty Holdings announced that its board has approved a stock repurchase plan on Thursday, August 31st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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In other Sally Beauty Holdings news, CEO Christian A. Brickman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $17.54 per share, with a total value of $350,800.00. Following the acquisition, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christian A. Brickman acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $17.90 per share, for a total transaction of $179,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 172,543 shares in the company, valued at $3,088,519.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,250 shares of company stock worth $606,555 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on SBH. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday. DA Davidson reaffirmed a “neutral” rating and set a $21.00 target price (down previously from $23.00) on shares of Sally Beauty Holdings in a research note on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $20.00 target price (down previously from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.50.

Sally Beauty Holdings 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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