BNP Paribas Financial Markets Sells 43,771 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

BNP Paribas Financial Markets reduced its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 16.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,534 shares of the specialty retailer's stock after selling 43,771 shares during the quarter. BNP Paribas Financial Markets owned 0.22% of Sally Beauty worth $3,020,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Sally Beauty during the 1st quarter worth approximately $64,000. nVerses Capital LLC bought a new position in shares of Sally Beauty in the third quarter valued at about $94,000. Quest Partners LLC lifted its stake in shares of Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock worth $78,000 after buying an additional 7,243 shares during the last quarter. Algert Global LLC bought a new stake in shares of Sally Beauty during the 2nd quarter worth about $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty in the 2nd quarter valued at about $117,000.

Sally Beauty Price Performance

SBH stock traded up $0.31 during midday trading on Friday, reaching $13.22. The company had a trading volume of 1,665,261 shares, compared to its average volume of 1,421,200. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.19 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.79. The stock has a 50 day moving average price of $13.15 and a 200-day moving average price of $12.13.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. Equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Kim Mcintosh sold 4,300 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares of the company's stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBH shares. DA Davidson boosted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Morgan Stanley upped their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a report on Friday, November 15th. Raymond James raised Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating and upped their price target for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Finally, StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.50.

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.