California Public Employees Retirement System lowered its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,208 shares of the specialty retailer’s stock after selling 24,721 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Sally Beauty worth $5,408,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Sally Beauty by 13.6% in the 3rd quarter. Wells Fargo & Company MN now owns 864,310 shares of the specialty retailer’s stock valued at $15,896,000 after purchasing an additional 103,155 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Sally Beauty in the 3rd quarter valued at approximately $504,000. Systematic Financial Management LP purchased a new position in shares of Sally Beauty in the 3rd quarter valued at approximately $1,490,000. LSV Asset Management lifted its stake in shares of Sally Beauty by 2.2% in the 3rd quarter. LSV Asset Management now owns 2,983,145 shares of the specialty retailer’s stock valued at $54,860,000 after purchasing an additional 64,100 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Sally Beauty during the third quarter valued at $423,000.
SBH has been the subject of a number of recent research reports. BMO Capital Markets set a $22.00 price objective on Sally Beauty and gave the company a “hold” rating in a research note on Monday, November 19th. Zacks Investment Research upgraded Sally Beauty from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, November 19th. ValuEngine cut Sally Beauty from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Citigroup initiated coverage on Sally Beauty in a research note on Thursday, December 20th. They set an “underweight” rating for the company. Finally, Wells Fargo & Co set a $18.00 price objective on Sally Beauty and gave the company a “hold” rating in a research note on Tuesday, February 5th. Seven equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $17.56.
Shares of NYSE:SBH opened at $17.81 on Friday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.07 and a beta of 0.43. Sally Beauty Holdings, Inc. has a 12-month low of $13.72 and a 12-month high of $23.61.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $989.45 million during the quarter, compared to analysts’ expectations of $992.83 million. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current fiscal year.
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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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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