Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Holdings Cut by Fmr LLC

FMR LLC decreased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 38.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,548,717 shares of the specialty retailer's stock after selling 5,847,630 shares during the quarter. FMR LLC owned about 9.37% of Sally Beauty worth $99,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Sally Beauty by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after acquiring an additional 59,478 shares during the last quarter. M&T Bank Corp raised its position in shares of Sally Beauty by 127.4% in the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after purchasing an additional 36,057 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Sally Beauty during the 4th quarter valued at approximately $3,177,000. Barclays PLC grew its position in shares of Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after buying an additional 56,879 shares in the last quarter. Finally, Amundi grew its holdings in Sally Beauty by 1,215.4% during 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 in the last quarter.

Wall Street Analyst Weigh In

SBH has been the topic of several research analyst reports. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target on the stock. DA Davidson reduced their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley lowered 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 note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of 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 issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Performance

Shares of Sally Beauty stock traded up $0.09 during trading on Friday, hitting $8.10. 1,770,355 shares of the stock were exchanged, compared to its average volume of 1,740,313. The stock has a market cap of $826.03 million, a PE ratio of 4.85 and a beta of 1.35. The stock's fifty day moving average is $8.85 and its 200 day moving average is $11.01. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.

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 for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $941.44 million. As a group, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Sally Beauty Company Profile

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.