Los Angeles Capital Management LLC purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,479 shares of the specialty retailer's stock, valued at approximately $329,000.
Several other large investors have also modified their holdings of the company. Lightrock Netherlands B.V. bought a new stake in shares of Sally Beauty during the 4th quarter worth $9,413,000. FMR LLC boosted its holdings in shares of Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock worth $208,928,000 after buying an additional 387,736 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Sally Beauty by 306.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock worth $4,634,000 after buying an additional 257,510 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer's stock worth $34,551,000 after buying an additional 80,712 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Sally Beauty during the 3rd quarter worth $1,080,000.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SBH. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. Morgan Stanley reduced their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. DA Davidson reduced their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Sally Beauty currently has an average rating of "Hold" and a consensus price target of $12.70.
Check Out Our Latest Research Report on SBH
Sally Beauty Price Performance
Shares of NYSE:SBH traded up $0.22 during midday trading on Friday, reaching $9.34. 2,502,392 shares of the company's stock were exchanged, compared to its average volume of 1,578,929. The company's 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $11.98. The firm has a market capitalization of $951.74 million, a PE ratio of 5.59 and a beta of 1.54. Sally Beauty Holdings, Inc. has a 12 month low of $8.52 and a 12 month high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
About Sally Beauty
(
Free Report)
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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
Further Reading
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
