Fisher Asset Management LLC Sells 170,106 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,507,921 shares of the specialty retailer's stock after selling 170,106 shares during the quarter. Fisher Asset Management LLC owned 2.46% of Sally Beauty worth $26,208,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Sally Beauty during the 3rd quarter valued at $771,000. Barclays PLC lifted its position in shares of Sally Beauty by 36.6% in 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 boosted its stake in shares of Sally Beauty by 21.5% in the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer's stock worth $3,175,000 after acquiring an additional 53,670 shares during the period. FMR LLC grew its position 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 worth $208,928,000 after purchasing an additional 387,736 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Sally Beauty by 306.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer's stock valued at $4,634,000 after purchasing an additional 257,510 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a research note on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. TD Cowen raised shares of Sally Beauty from a "hold" rating to a "buy" rating and raised their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target on the stock. Finally, Morgan Stanley cut their price objective on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.70.

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Sally Beauty Price Performance

Sally Beauty stock traded up $0.22 during mid-day trading on Friday, reaching $9.34. 2,502,392 shares of the company's stock traded hands, compared to its average volume of 1,578,047. Sally Beauty Holdings, Inc. has a 12-month low of $8.43 and a 12-month high of $14.79. The company has a market cap of $951.74 million, a price-to-earnings ratio of 5.59 and a beta of 1.54. The stock has a 50 day moving average of $10.22 and a two-hundred day moving average of $11.98. 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 announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm 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 analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

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.