Metropolitan Life Insurance Co. NY cut its stake in shares of Sally Beauty Holdings (NYSE:SBH) by 69.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,827 shares of the specialty retailer’s stock after selling 86,835 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Sally Beauty were worth $728,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Sally Beauty during the 4th quarter worth $185,000. GSA Capital Partners LLP acquired a new position in shares of Sally Beauty during the 3rd quarter worth $197,000. Koch Industries Inc. acquired a new position in shares of Sally Beauty during the 4th quarter worth $231,000. Meadow Creek Investment Management LLC grew its stake in Sally Beauty by 27.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock valued at $264,000 after acquiring an additional 3,036 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Sally Beauty in the 4th quarter valued at about $270,000.
A number of equities research analysts recently commented on SBH shares. Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Saturday, March 31st. Robert W. Baird set a $21.00 price objective on shares of Sally Beauty and gave the company a “buy” rating in a research note on Friday, December 22nd. ValuEngine cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a research note on Wednesday, January 31st. Finally, BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sally Beauty has an average rating of “Hold” and a consensus price target of $17.50.
Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.26. The company had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. analysts forecast that Sally Beauty Holdings will post 2.4 earnings per share for the current year.
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Sally Beauty Profile
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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