Brandywine Global Investment Management LLC lessened its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 351,001 shares of the specialty retailer's stock after selling 327,460 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.34% of Sally Beauty worth $3,668,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC boosted its position in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after buying an additional 1,090 shares during the last quarter. Quarry LP boosted its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 2,345 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after acquiring an additional 2,575 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. DA Davidson decreased their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. 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 company. Based on data from MarketBeat.com, Sally Beauty currently has an average rating of "Hold" and an average target price of $12.70.
Read Our Latest Stock Report on SBH
Sally Beauty Stock Performance
Shares of NYSE SBH traded up $0.26 during trading on Friday, reaching $8.58. 2,771,662 shares of the company traded hands, compared to its average volume of 1,700,207. The firm has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $11.40. Sally Beauty Holdings, Inc. has a 52-week low of $8.00 and a 52-week high of $14.79. The stock has a market capitalization of $874.26 million, a PE ratio of 5.13 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.
Sally Beauty (NYSE:SBH - Get Free Report) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.
Sally Beauty Company Profile
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Free Report)
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.
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