Fmr LLC raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,553,796 shares of the specialty retailer’s stock after buying an additional 1,478,733 shares during the period. Fmr LLC owned 13.78% of Sally Beauty worth $304,424,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of SBH. Itau Unibanco Holding S.A. acquired a new position in shares of Sally Beauty during the second quarter worth $103,000. BlueMountain Capital Management LLC acquired a new position in shares of Sally Beauty during the second quarter worth $106,000. Hartford Investment Management Co. acquired a new position in shares of Sally Beauty during the second quarter worth $197,000. Greenleaf Trust acquired a new position in shares of Sally Beauty during the second quarter worth $204,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Sally Beauty during the third quarter worth $234,000.
SBH has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 6th. BMO Capital Markets cut their price target on shares of Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 6th. Zacks Investment Research lowered shares of Sally Beauty from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Bank of America lifted their price target on shares of Sally Beauty from $14.00 to $16.00 and gave the stock a “sell” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded shares of Sally Beauty from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Sally Beauty presently has an average rating of “Hold” and a consensus price target of $17.22.
SBH stock opened at $21.11 on Monday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 9.77, a PEG ratio of 1.92 and a beta of 0.19. Sally Beauty Holdings, Inc. has a 12-month low of $13.72 and a 12-month high of $23.61.
Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $966.00 million for the quarter, compared to analyst estimates of $965.98 million. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. Sally Beauty’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities analysts expect that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current year.
In related news, SVP Scott C. Sherman sold 3,100 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $21.72, for a total value of $67,332.00. Following the transaction, the senior vice president now owns 13,312 shares in the company, valued at $289,136.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Aaron E. Alt bought 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $20.75 per share, for a total transaction of $49,800.00. Following the acquisition, the chief financial officer now owns 88,391 shares of the company’s stock, valued at $1,834,113.25. The disclosure for this purchase can be found here. 0.97% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/12/03/sally-beauty-holdings-inc-sbh-shares-bought-by-fmr-llc.html.
Sally Beauty 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.
Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.