MetLife Investment Advisors LLC bought a new stake in shares of Sally Beauty Holdings (NYSE:SBH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 81,262 shares of the specialty retailer’s stock, valued at approximately $1,524,000. MetLife Investment Advisors LLC owned about 0.06% of Sally Beauty as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in SBH. State of Alaska Department of Revenue purchased a new position in shares of Sally Beauty during the fourth quarter valued at approximately $185,000. GSA Capital Partners LLP purchased a new position in shares of Sally Beauty during the third quarter valued at approximately $197,000. Koch Industries Inc. purchased a new position in shares of Sally Beauty during the fourth quarter valued at approximately $231,000. Meadow Creek Investment Management LLC lifted its holdings in shares of Sally Beauty by 27.5% during the fourth quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 3,036 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Sally Beauty during the fourth quarter valued at approximately $270,000.
Several research firms have recently issued reports on SBH. ValuEngine lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Sally Beauty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Buckingham Research lowered their target price on shares of Sally Beauty from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Oppenheimer reiterated a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Finally, BMO Capital Markets set a $18.00 target price on shares of Sally Beauty and gave the company a “hold” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.50.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million during the quarter, compared to analyst estimates of $990.18 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts expect that Sally Beauty Holdings will post 2.4 earnings per share for the current fiscal year.
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About Sally Beauty
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.
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