Charles Schwab Investment Management Inc. Acquires 80,712 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Charles Schwab Investment Management Inc. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,546,108 shares of the specialty retailer's stock after acquiring an additional 80,712 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.48% of Sally Beauty worth $34,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Diversified Trust Co increased its stake in shares of Sally Beauty by 2.7% in the 2nd quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer's stock valued at $364,000 after acquiring an additional 898 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sally Beauty by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer's stock valued at $549,000 after acquiring an additional 1,395 shares during the last quarter. Evergreen Capital Management LLC increased its stake in 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 in the last quarter. TD Asset Management Inc increased its stake in Sally Beauty by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer's stock worth $182,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sally Beauty by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,686 shares of the specialty retailer's stock worth $222,000 after purchasing an additional 3,158 shares in the last quarter.

Sally Beauty Stock Performance

Sally Beauty stock traded up $0.16 during mid-day trading on Wednesday, hitting $13.87. 1,679,773 shares of the company's stock traded hands, compared to its average volume of 1,416,544. The firm has a 50 day simple moving average of $13.14 and a two-hundred day simple moving average of $12.12. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.52 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 (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. During the same quarter last year, the firm posted $0.42 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CAO Kim Mcintosh sold 4,300 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company's stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at $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. 1.36% of the stock is owned by company insiders.

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.