BlackRock Inc. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,219,957 shares of the specialty retailer’s stock after acquiring an additional 238,504 shares during the period. BlackRock Inc. owned about 11.80% of Sally Beauty worth $242,451,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in SBH. Ardevora Asset Management LLP purchased a new position in shares of Sally Beauty in the fourth quarter valued at about $31,597,000. FMR LLC lifted its position in shares of Sally Beauty by 9.8% in the third quarter. FMR LLC now owns 16,553,796 shares of the specialty retailer’s stock valued at $304,424,000 after acquiring an additional 1,478,733 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Sally Beauty by 1,585.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 766,117 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Sally Beauty in the fourth quarter worth about $8,965,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Sally Beauty by 1,343.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 428,423 shares of the specialty retailer’s stock worth $7,305,000 after purchasing an additional 398,750 shares during the last quarter.
Shares of SBH stock opened at $17.77 on Friday. Sally Beauty Holdings, Inc. has a 12-month low of $13.72 and a 12-month high of $23.61. The stock has a market capitalization of $2.14 billion, a PE ratio of 8.23, a PEG ratio of 2.07 and a beta of 0.43.
Sally Beauty (NYSE:SBH) last issued its earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm had revenue of $989.45 million for the quarter, compared to analysts’ expectations of $992.83 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current fiscal year.
In related news, CFO Aaron E. Alt acquired 2,700 shares of Sally Beauty stock in a transaction on Thursday, February 14th. The shares were bought at an average cost of $18.66 per share, with a total value of $50,382.00. Following the completion of the purchase, the chief financial officer now directly owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward W. Rabin acquired 4,500 shares of Sally Beauty stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the completion of the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at $348,269.80. The disclosure for this purchase can be found here. Insiders own 1.04% of the company’s stock.
SBH has been the topic of several research reports. BMO Capital Markets set a $22.00 target price on Sally Beauty and gave the stock a “hold” rating in a report on Monday, November 19th. Zacks Investment Research cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Citigroup initiated coverage on Sally Beauty in a report on Thursday, December 20th. They issued an “underweight” rating on the stock. ValuEngine cut Sally Beauty from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Wells Fargo & Co set a $18.00 target price on Sally Beauty and gave the stock a “hold” rating in a report on Tuesday, February 5th. Seven investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average target price of $17.56.
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About Sally Beauty
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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