Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,087 shares of the specialty retailer’s stock after buying an additional 10,998 shares during the quarter. Bank of Montreal Can’s holdings in Sally Beauty were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. grew its position in shares of Sally Beauty by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock worth $783,000 after buying an additional 814 shares in the last quarter. Diversified Trust Co grew its position in shares of Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after buying an additional 898 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Sally Beauty by 7.1% during the first quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after buying an additional 1,426 shares in the last quarter. DGS Capital Management LLC grew its position in shares of Sally Beauty by 4.3% during the first quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after buying an additional 1,810 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Sally Beauty by 19.9% during the second quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after buying an additional 2,169 shares in the last quarter.

Sally Beauty Stock Performance

SBH stock opened at $13.49 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.18 and a beta of 1.54. Sally Beauty Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $13.94. The stock’s fifty day moving average is $12.21 and its two-hundred day moving average is $11.50.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, research analysts predict that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SBH shares. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a research note on Tuesday, August 13th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler reduced their price objective on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of “Hold” and a consensus price target of $11.00.

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.