Landscape Capital Management L.L.C. Trims Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Landscape Capital Management L.L.C. cut its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 82.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,864 shares of the specialty retailer's stock after selling 335,017 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.07% of Sally Beauty worth $934,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SBH. Sei Investments Co. boosted its position in Sally Beauty by 9.1% in the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer's stock valued at $2,441,000 after buying an additional 16,314 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Sally Beauty by 51.9% in the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer's stock worth $586,000 after purchasing an additional 16,120 shares during the period. ProShare Advisors LLC lifted its position in shares of Sally Beauty by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer's stock worth $268,000 after purchasing an additional 1,426 shares during the period. Lazard Asset Management LLC lifted its position in shares of Sally Beauty by 303.7% in the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer's stock worth $5,339,000 after purchasing an additional 323,438 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Sally Beauty by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,670 shares of the specialty retailer's stock worth $878,000 after purchasing an additional 3,862 shares during the period.

Analyst Upgrades and Downgrades

SBH has been the subject of several recent analyst reports. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Saturday. TD Cowen increased their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Morgan Stanley increased their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, November 15th. Raymond James raised shares of Sally Beauty from an "underperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Sally Beauty has an average rating of "Hold" and a consensus target price of $13.00.

Sally Beauty Price Performance

SBH stock remained flat at $12.97 during midday trading on Friday. 3,544,872 shares of the company traded hands, compared to its average volume of 1,470,839. The company's fifty day moving average is $13.05 and its two-hundred day moving average is $11.93. Sally Beauty Holdings, Inc. has a 52 week low of $9.06 and a 52 week high of $14.36. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.01 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its 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 net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the business earned $0.42 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts predict that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current year.

About Sally Beauty

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.