Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Position Raised by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 127.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,352 shares of the specialty retailer's stock after acquiring an additional 36,057 shares during the quarter. M&T Bank Corp owned 0.06% of Sally Beauty worth $672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SBH. Wealth Advisory Solutions LLC acquired a new stake in shares of Sally Beauty in the fourth quarter worth $105,000. Victory Capital Management Inc. boosted its position in shares of Sally Beauty by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock worth $38,365,000 after buying an additional 156,580 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 worth $27,228,000 after buying an additional 59,478 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Sally Beauty by 5.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 60,466 shares of the specialty retailer's stock worth $632,000 after buying an additional 3,189 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Sally Beauty in the fourth quarter worth $329,000.

Analysts Set New Price Targets

Several analysts recently issued reports on SBH shares. TD Cowen upgraded Sally Beauty from a "hold" rating to a "buy" rating and increased their price objective for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Canaccord Genuity Group started 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. Raymond James upgraded Sally Beauty from an "underperform" rating to a "market perform" rating in a report on Friday, November 15th. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, DA Davidson cut their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.70.

Remove Ads

Sally Beauty Price Performance

NYSE SBH opened at $9.09 on Thursday. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $14.79. The stock's 50-day moving average is $10.14 and its two-hundred day moving average is $11.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The firm has a market cap of $926.35 million, a P/E ratio of 5.44 and a beta of 1.54.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share 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. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

About Sally Beauty

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.