Bank of Montreal Can Sells 351,416 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Bank of Montreal Can decreased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 92.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,243 shares of the specialty retailer's stock after selling 351,416 shares during the quarter. Bank of Montreal Can's holdings in Sally Beauty were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. R Squared Ltd bought a new stake in Sally Beauty during the fourth quarter worth $56,000. KBC Group NV raised its position in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after buying an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC bought a new position in Sally Beauty during the 4th quarter valued at $105,000. Finally, EMC Capital Management grew its stake in shares of Sally Beauty by 105.5% in the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock worth $131,000 after acquiring an additional 6,436 shares in the last quarter.

Analyst Upgrades and Downgrades

SBH has been the topic of several analyst reports. DA Davidson cut 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 reduced their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Canaccord Genuity Group started coverage on Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target for the company. Finally, StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.70.

Sally Beauty Stock Performance

SBH stock traded down $0.18 during midday trading on Friday, reaching $7.80. 1,835,925 shares of the company's stock traded hands, compared to its average volume of 1,764,244. The company has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $10.81. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The firm has a market capitalization of $795.24 million, a PE ratio of 4.67 and a beta of 1.35. 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 results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

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.