1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in Sally Beauty Holdings, Inc. ( NYSE:SBH – Free Report ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 22,200 shares of the specialty retailer’s stock, valued at approximately $232,000.
Several other institutional investors also recently bought and sold shares of the company. AXQ Capital LP purchased a new position in shares of Sally Beauty in the fourth quarter valued at approximately $144,000. Hillsdale Investment Management Inc.
acquired a new position in Sally Beauty in the 4th quarter valued at $3,177,000. American Century Companies Inc. raised its stake in Sally Beauty by 11.
1% in the 4th quarter. American Century Companies Inc. now owns 213,593 shares of the specialty retailer’s stock valued at $2,232,000 after purchasing an additional 21,259 shares during the last quarter.
Virtu Financial LLC purchased a new position in Sally Beauty in the 4th quarter valued at $254,000. Finally, Magnetar Financial LLC acquired a new stake in Sally Beauty during the 4th quarter worth $254,000. Analysts Set New Price Targets Several equities analysts have recently weighed in on SBH shares.
StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. DA Davidson cut their price objective on shares of Sally Beauty from $13.
00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Sally Beauty from $12.
00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group started coverage on Sally Beauty in a report on Thursday, January 16th.
They issued a “buy” rating and a $14.00 price target for the company. 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.
Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.70. Sally Beauty Stock Down 1.
2 % Shares of NYSE SBH opened at $8.49 on Tuesday. The company has a market capitalization of $865.
08 million, a P/E ratio of 5.08 and a beta of 1.35.
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 company has a 50 day simple moving average of $9.35 and a 200-day simple moving average of $11.
36. Sally Beauty Holdings, Inc. has a 1 year low of $8.
00 and a 1 year high of $14.79. 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 (EPS) for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $941.44 million.
On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current 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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