AXA S.A. grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 446.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,519 shares of the specialty retailer's stock after purchasing an additional 136,062 shares during the quarter. AXA S.A. owned approximately 0.16% of Sally Beauty worth $1,787,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Sally Beauty by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer's stock worth $183,057,000 after buying an additional 52,343 shares during the period. Schroder Investment Management Group increased its holdings in shares of Sally Beauty by 53.6% in the 4th quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer's stock worth $73,478,000 after acquiring an additional 1,931,188 shares during the period. Wasatch Advisors LP lifted its position in Sally Beauty by 16.8% in the 1st quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer's stock valued at $46,339,000 after purchasing an additional 535,753 shares during the last quarter. Victory Capital Management Inc. lifted its position in Sally Beauty by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer's stock valued at $37,606,000 after purchasing an additional 48,497 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer's stock valued at $35,276,000 after purchasing an additional 833,720 shares during the period.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SBH. Piper Sandler cut their price target on Sally Beauty from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Thursday, July 11th. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Finally, DA Davidson reissued a "neutral" rating and issued a $12.00 price target on shares of Sally Beauty in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Sally Beauty has a consensus rating of "Hold" and an average target price of $11.00.
Get Our Latest Stock Analysis on SBH
Sally Beauty Price Performance
Shares of NYSE SBH traded down $0.08 during mid-day trading on Tuesday, reaching $13.49. 1,182,723 shares of the company traded hands, compared to its average volume of 1,403,360. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $13.94. The firm has a market cap of $1.40 billion, a PE ratio of 9.14 and a beta of 1.54. The stock has a fifty day simple moving average of $12.16 and a 200-day simple moving average of $11.49. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40.
Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to analysts' expectations of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS 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.
Read More
Before you consider Sally Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sally Beauty wasn't on the list.
While Sally Beauty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.