Profit Investment Management LLC cut its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 28.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,393 shares of the specialty retailer's stock after selling 71,972 shares during the quarter. Sally Beauty makes up approximately 1.9% of Profit Investment Management LLC's investment portfolio, making the stock its 14th largest holding. Profit Investment Management LLC owned approximately 0.17% of Sally Beauty worth $2,407,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the 1st quarter worth approximately $64,000. Quest Partners LLC lifted its position in Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer's stock valued at $78,000 after acquiring an additional 7,243 shares in the last quarter. Algert Global LLC purchased a new stake in Sally Beauty in the 2nd quarter valued at about $113,000. Meeder Asset Management Inc. purchased a new stake in Sally Beauty in the 2nd quarter valued at about $117,000. Finally, Evergreen Capital Management LLC increased its stake in shares of Sally Beauty by 19.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer's stock worth $140,000 after purchasing an additional 2,169 shares during the last quarter.
Sally Beauty Price Performance
Shares of NYSE SBH traded up $0.12 during midday trading on Friday, reaching $12.64. The stock had a trading volume of 591,644 shares, compared to its average volume of 1,383,493. The stock has a 50-day moving average of $12.52 and a 200-day moving average of $11.56. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40 and a current ratio of 2.12. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.22 and a beta of 1.53. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.94.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The business had revenue of $942.30 million during the quarter, compared to analyst estimates of $931.77 million. During the same quarter last year, the business earned $0.49 earnings per share. Sally Beauty's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SBH has been the subject of several analyst reports. DA Davidson reissued a "neutral" rating and issued a $12.00 price target on shares of Sally Beauty in a report on Tuesday, August 13th. Piper Sandler lowered their price target on shares of Sally Beauty from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Thursday, July 11th. Finally, StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Research Report on SBH
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.
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