Amundi Grows Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Amundi boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,215.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,700 shares of the specialty retailer's stock after purchasing an additional 219,630 shares during the quarter. Amundi owned about 0.23% of Sally Beauty worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lightrock Netherlands B.V. purchased a new position in shares of Sally Beauty during the fourth quarter valued at $9,413,000. FMR LLC lifted its position in shares of Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock worth $208,928,000 after purchasing an additional 387,736 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock valued at $4,634,000 after purchasing an additional 257,510 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Sally Beauty by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock valued at $38,365,000 after buying an additional 156,580 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Sally Beauty by 3.3% in the third 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 in the last quarter.

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Sally Beauty Stock Performance

NYSE:SBH traded down $0.49 during trading hours on Thursday, hitting $8.52. 1,454,683 shares of the company were exchanged, compared to its average volume of 1,601,930. The company's 50 day moving average price is $9.96 and its 200-day moving average price is $11.72. The stock has a market capitalization of $868.14 million, a price-to-earnings ratio of 5.10 and a beta of 1.54. Sally Beauty Holdings, Inc. has a 52-week low of $8.51 and a 52-week high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. As a group, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SBH. Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. DA Davidson lowered their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and increased their target price for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One 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 MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Company Profile

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.