Prudential Financial Inc. raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 341.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,528 shares of the specialty retailer's stock after acquiring an additional 364,621 shares during the quarter. Prudential Financial Inc. owned 0.46% of Sally Beauty worth $4,927,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Sally Beauty by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock valued at $27,228,000 after purchasing an additional 59,478 shares during the period. M&T Bank Corp increased its holdings in Sally Beauty by 127.4% in the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after buying an additional 36,057 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Sally Beauty during the 4th quarter valued at approximately $3,177,000. Barclays PLC boosted its stake in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after acquiring an additional 56,879 shares in the last quarter. Finally, Amundi grew its holdings in shares of Sally Beauty by 1,215.4% in the 4th quarter. Amundi now owns 237,700 shares of the specialty retailer's stock worth $2,555,000 after acquiring an additional 219,630 shares during the period.
Analyst Upgrades and Downgrades
SBH has been the subject of several research reports. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. DA Davidson lowered their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley cut their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.70.
Read Our Latest Analysis on SBH
Sally Beauty Price Performance
Shares of SBH traded up $0.26 during trading hours on Friday, reaching $8.58. 2,771,662 shares of the company traded hands, compared to its average volume of 1,700,207. The stock has a market capitalization of $874.26 million, a PE ratio of 5.13 and a beta of 1.35. The stock has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $11.41. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 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.
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