Norges Bank bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 123,917 shares of the specialty retailer's stock, valued at approximately $1,295,000. Norges Bank owned about 0.12% of Sally Beauty as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. WINTON GROUP Ltd grew its position in Sally Beauty by 40.5% in the 4th quarter. WINTON GROUP Ltd now owns 74,820 shares of the specialty retailer's stock valued at $782,000 after acquiring an additional 21,582 shares during the last quarter. EntryPoint Capital LLC bought a new position in Sally Beauty in the fourth quarter worth approximately $326,000. Prudential Financial Inc. increased its holdings in Sally Beauty by 341.1% during the 4th quarter. Prudential Financial Inc. now owns 471,528 shares of the specialty retailer's stock worth $4,927,000 after purchasing an additional 364,621 shares during the period. Vanguard Group Inc. raised its position in Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after purchasing an additional 279,222 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Sally Beauty in the 4th quarter worth $232,000.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SBH. DA Davidson lowered their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. Finally, StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sally Beauty presently has an average rating of "Hold" and a consensus price target of $12.70.
Check Out Our Latest Analysis on SBH
Sally Beauty Stock Down 5.4 %
Shares of SBH stock traded down $0.46 during trading hours on Tuesday, reaching $8.01. 2,214,386 shares of the company's stock were exchanged, compared to its average volume of 1,734,031. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The stock's 50 day moving average is $8.99 and its 200-day moving average is $11.13. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The company has a market cap of $816.14 million, a price-to-earnings ratio of 4.79 and a beta of 1.35.
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. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
About Sally Beauty
(
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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