Auxier Asset Management lifted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,259 shares of the specialty retailer’s stock after purchasing an additional 10,850 shares during the quarter. Auxier Asset Management owned about 0.07% of Sally Beauty worth $1,399,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Sally Beauty in the second quarter worth about $103,000. BlueMountain Capital Management LLC bought a new stake in shares of Sally Beauty in the second quarter worth about $106,000. Hartford Investment Management Co. bought a new stake in shares of Sally Beauty in the second quarter worth about $197,000. Greenleaf Trust bought a new stake in shares of Sally Beauty in the second quarter worth about $204,000. Finally, Sun Life Financial INC increased its holdings in shares of Sally Beauty by 8,479.5% in the second quarter. Sun Life Financial INC now owns 14,671 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 14,500 shares during the last quarter.
Several equities research analysts have recently issued reports on the company. Jefferies Financial Group set a $14.00 target price on Sally Beauty and gave the stock a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Sally Beauty from a “sell” rating to a “hold” rating in a report on Saturday, June 30th. BMO Capital Markets reduced their price objective on Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 6th. Morgan Stanley reduced their price objective on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, August 6th. Finally, beau cut Sally Beauty from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research note on Tuesday, July 17th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.73.
In other Sally Beauty news, CFO Aaron E. Alt bought 4,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were purchased at an average price of $14.07 per share, with a total value of $56,280.00. Following the completion of the purchase, the chief financial officer now owns 69,619 shares in the company, valued at approximately $979,539.33. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christian A. Brickman bought 16,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the purchase, the chief executive officer now owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The disclosure for this purchase can be found here. Corporate insiders own 0.97% of the company’s stock.
Shares of NYSE SBH opened at $17.70 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.39 and a debt-to-equity ratio of -5.42. Sally Beauty Holdings, Inc. has a 1-year low of $13.72 and a 1-year high of $20.50. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 1.40 and a beta of 0.20.
Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The company had revenue of $996.28 million for the quarter, compared to analysts’ expectations of $995.30 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. analysts predict that Sally Beauty Holdings, Inc. will post 2.12 EPS for the current fiscal year.
Sally Beauty Company Profile
Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.
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