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Fmr LLC Purchases 387,736 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Sally Beauty logo with Retail/Wholesale background

FMR LLC lifted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,396,347 shares of the specialty retailer's stock after buying an additional 387,736 shares during the quarter. FMR LLC owned about 15.00% of Sally Beauty worth $208,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SBH. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty in the first quarter worth about $64,000. Quest Partners LLC boosted its position in Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock valued at $78,000 after purchasing an additional 7,243 shares during the last quarter. nVerses Capital LLC bought a new position in Sally Beauty in the third quarter valued at approximately $94,000. Algert Global LLC acquired a new position in shares of Sally Beauty during the 2nd quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sally Beauty during the 2nd quarter worth approximately $117,000.

Insider Transactions at Sally Beauty

In other Sally Beauty 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 completion of the transaction, the chief accounting officer now owns 16,685 shares of the company's stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the firm'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 sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. The trade was 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 insiders.

Analyst Ratings Changes

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

Get Our Latest Research Report on Sally Beauty

Sally Beauty Price Performance

SBH stock traded down $0.36 during midday trading on Tuesday, reaching $13.57. The company had a trading volume of 570,589 shares, compared to its average volume of 1,409,770. 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 $13.14 and a 200-day moving average price of $12.10. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.67 and a beta of 1.51.

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

Sally Beauty Profile

(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.

See Also

Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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