B. Metzler seel. Sohn & Co. Holding AG Takes $771,000 Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 56,806 shares of the specialty retailer's stock, valued at approximately $771,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.06% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co increased its position in Sally Beauty by 2.7% during the 2nd quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer's stock worth $364,000 after purchasing an additional 898 shares during the period. The Manufacturers Life Insurance Company raised its position in Sally Beauty by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer's stock worth $549,000 after acquiring an additional 1,395 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Sally Beauty by 7.1% in the first quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer's stock valued at $268,000 after acquiring an additional 1,426 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Sally Beauty by 19.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer's stock worth $140,000 after purchasing an additional 2,169 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Sally Beauty by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer's stock valued at $182,000 after purchasing an additional 2,400 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SBH shares. Morgan Stanley upped their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an "underweight" rating in a research report on Friday, November 15th. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson raised their price target on Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. TD Cowen boosted their price objective on shares of Sally Beauty from $13.00 to $14.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Finally, Raymond James upgraded shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.00.

Sally Beauty Price Performance

Shares of NYSE:SBH remained flat at $12.97 during trading on Friday. 3,544,872 shares of the stock were exchanged, compared to its average volume of 1,470,839. The firm's fifty day moving average is $13.05 and its two-hundred day moving average is $11.96. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.32 billion, a PE ratio of 9.01 and a beta of 1.53. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.36.

Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Sally Beauty 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.