Vanguard Group Inc. boosted its position in shares of Sally Beauty Holdings Inc. (NYSE:SBH) by 0.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,120,907 shares of the company’s stock after buying an additional 79,871 shares during the period. Vanguard Group Inc. owned approximately 6.94% of Sally Beauty Holdings worth $297,656,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBH. Jackson Square Partners LLC boosted its position in Sally Beauty Holdings by 3.9% in the first quarter. Jackson Square Partners LLC now owns 7,949,529 shares of the company’s stock worth $257,405,000 after buying an additional 301,562 shares in the last quarter. Geode Capital Management LLC boosted its position in Sally Beauty Holdings by 2.3% in the first quarter. Geode Capital Management LLC now owns 903,791 shares of the company’s stock worth $29,264,000 after buying an additional 20,636 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock worth $229,000 after buying an additional 2,223 shares in the last quarter. ING Groep NV purchased a new position in Sally Beauty Holdings during the first quarter worth approximately $810,000. Finally, M&T Bank Corp boosted its position in Sally Beauty Holdings by 557.7% in the first quarter. M&T Bank Corp now owns 56,445 shares of the company’s stock worth $1,827,000 after buying an additional 47,863 shares in the last quarter.
Shares of Sally Beauty Holdings Inc. (NYSE:SBH) opened at 25.54 on Monday. The company has a 50 day moving average price of $27.00 and a 200 day moving average price of $29.00. The company has a market capitalization of $3.73 billion, a PE ratio of 17.04 and a beta of 0.81. Sally Beauty Holdings Inc. has a 1-year low of $21.94 and a 1-year high of $32.93.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $998 million for the quarter, compared to analysts’ expectations of $1,000 million. Sally Beauty Holdings had a net margin of 5.75% and a negative return on equity of 81.78%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts predict that Sally Beauty Holdings Inc. will post $1.71 EPS for the current fiscal year.
A number of research firms recently commented on SBH. Zacks Investment Research cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. KeyCorp reissued a “buy” rating on shares of Sally Beauty Holdings in a research note on Monday, June 20th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Sally Beauty Holdings in a research note on Wednesday, June 22nd. Cowen and Company set a $29.00 target price on Sally Beauty Holdings and gave the company a “buy” rating in a research note on Thursday, September 29th. Finally, B. Riley reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $31.38.
In related news, insider Mark Gregory Spinks sold 6,492 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $26.37, for a total value of $171,194.04. Following the sale, the insider now directly owns 7,530 shares of the company’s stock, valued at approximately $198,566.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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