Bank of New York Mellon Corp Lowers Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Bank of New York Mellon Corp decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 802,985 shares of the specialty retailer's stock after selling 61,034 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.79% of Sally Beauty worth $8,391,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SBH. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Sally Beauty during the third quarter valued at $771,000. Barclays PLC increased its holdings in shares of Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after acquiring an additional 56,879 shares in the last quarter. Access Investment Management LLC increased its holdings in shares of Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer's stock valued at $3,175,000 after acquiring an additional 53,670 shares in the last quarter. FMR LLC increased its holdings in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer's stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Sally Beauty by 306.7% in 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 in the last quarter.

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Sally Beauty Stock Performance

NYSE:SBH traded down $0.18 on Tuesday, hitting $8.77. The stock had a trading volume of 2,222,557 shares, compared to its average volume of 2,523,847. The stock has a market cap of $893.73 million, a price-to-earnings ratio of 5.25 and a beta of 1.54. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The business's 50-day simple moving average is $10.04 and its two-hundred day simple moving average is $11.77. Sally Beauty Holdings, Inc. has a 52-week low of $8.52 and a 52-week high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last posted 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. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Morgan Stanley reduced their price objective on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Finally, DA Davidson reduced their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of "Hold" and an average target price of $12.70.

About Sally Beauty

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.