New York State Teachers Retirement System lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,868 shares of the specialty retailer’s stock after selling 1,638 shares during the period. New York State Teachers Retirement System’s holdings in Sally Beauty were worth $1,092,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in SBH. Fisher Asset Management LLC grew its position in Sally Beauty by 97.2% in the 4th quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock worth $67,003,000 after purchasing an additional 1,789,399 shares during the period. Renaissance Technologies LLC grew its position in Sally Beauty by 50.3% in the 4th quarter. Renaissance Technologies LLC now owns 467,100 shares of the specialty retailer’s stock worth $8,623,000 after purchasing an additional 156,384 shares during the period. Pacer Advisors Inc. grew its position in Sally Beauty by 27.9% in the 1st quarter. Pacer Advisors Inc. now owns 566,542 shares of the specialty retailer’s stock worth $8,855,000 after purchasing an additional 123,636 shares during the period. Geode Capital Management LLC grew its position in shares of Sally Beauty by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,956,629 shares of the specialty retailer’s stock valued at $36,119,000 after acquiring an additional 111,357 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of Sally Beauty during the 4th quarter valued at $1,971,000.
Sally Beauty Stock Up 2.5 %
Shares of SBH stock opened at $12.74 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 5.61 and a beta of 1.41. Sally Beauty Holdings, Inc. has a 52 week low of $11.28 and a 52 week high of $22.85. The company has a quick ratio of 0.59, a current ratio of 2.27 and a debt-to-equity ratio of 5.08. The company’s fifty day simple moving average is $13.41 and its two-hundred day simple moving average is $15.64.
Sally Beauty (NYSE:SBH – Get Rating) last announced its earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $911.40 million for the quarter, compared to analysts’ expectations of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. Analysts predict that Sally Beauty Holdings, Inc. will post 2.29 EPS for the current fiscal year.
Analysts Set New Price Targets
SBH has been the subject of a number of recent research reports. TheStreet downgraded shares of Sally Beauty from a “b-” rating to a “c+” rating in a research report on Thursday, June 23rd. Morgan Stanley downgraded shares of Sally Beauty from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $19.00 to $12.00 in a report on Thursday, June 16th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Friday. Cowen dropped their target price on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Finally, Raymond James downgraded shares of Sally Beauty from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.70.
Sally Beauty Profile
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.
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