Loomis Sayles & Co. L P Has $5.91 Million Position in Sally Beauty Holdings, Inc. (SBH)

Loomis Sayles & Co. L P cut its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.6% during the first quarter, Holdings Channel reports. The firm owned 289,149 shares of the specialty retailer’s stock after selling 10,784 shares during the period. Loomis Sayles & Co. L P’s holdings in Sally Beauty Holdings were worth $5,910,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC bought a new stake in Sally Beauty Holdings during the fourth quarter valued at approximately $4,491,000. Teachers Advisors LLC increased its stake in Sally Beauty Holdings by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 141,505 shares of the specialty retailer’s stock valued at $3,739,000 after buying an additional 12,524 shares during the period. Norges Bank bought a new stake in Sally Beauty Holdings during the fourth quarter valued at approximately $40,707,000. Thrivent Financial for Lutherans increased its stake in Sally Beauty Holdings by 31.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 106,240 shares of the specialty retailer’s stock valued at $2,807,000 after buying an additional 25,640 shares during the period. Finally, Empire Life Investments Inc. bought a new stake in Sally Beauty Holdings during the fourth quarter valued at approximately $403,000.

Institutional Ownership by Quarter for Sally Beauty Holdings (NYSE:SBH)

Sally Beauty Holdings, Inc. (SBH) traded down 0.52% on Tuesday, hitting $19.26. The stock had a trading volume of 512,040 shares. The company has a 50-day moving average price of $18.92 and a 200 day moving average price of $22.01. The firm has a market cap of $2.67 billion, a PE ratio of 11.95 and a beta of 0.65. Sally Beauty Holdings, Inc. has a 52-week low of $17.26 and a 52-week high of $30.73.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $966.50 million during the quarter, compared to analyst estimates of $986.09 million. Sally Beauty Holdings had a negative return on equity of 84.81% and a net margin of 5.92%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Equities analysts forecast that Sally Beauty Holdings, Inc. will post $1.76 earnings per share for the current fiscal year.

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Several research firms have commented on SBH. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub raised Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine downgraded Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC assumed coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.56.

In other news, insider Robert R. Mcmaster bought 5,500 shares of Sally Beauty Holdings stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the purchase, the insider now directly owns 40,630 shares of the company’s stock, valued at approximately $732,558.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christian A. Brickman bought 10,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of $17.61 per share, with a total value of $176,100.00. Following the purchase, the chief executive officer now directly owns 152,743 shares in the company, valued at $2,689,804.23. The disclosure for this purchase can be found here. Insiders purchased a total of 61,750 shares of company stock valued at $1,130,860 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SBH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH).

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