Geode Capital Management LLC Sells 10,569 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Geode Capital Management LLC lowered its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,405,306 shares of the specialty retailer’s stock after selling 10,569 shares during the quarter. Geode Capital Management LLC’s holdings in Sally Beauty were worth $25,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV increased its position in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new stake in Sally Beauty during the 4th quarter worth $105,000. EMC Capital Management lifted its holdings in Sally Beauty by 105.5% during the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 6,436 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 1,090 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SBH. Canaccord Genuity Group started coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Stock Up 1.1 %

Sally Beauty stock opened at $8.10 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The stock has a market cap of $826.03 million, a P/E ratio of 4.85 and a beta of 1.35. The company’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $11.05. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. As a group, analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Sally Beauty Company 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.