1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new position in shares of Sally Beauty Holdings, Inc. ( NYSE:SBH – Free Report ) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 22,200 shares of the specialty retailer’s stock, valued at approximately $232,000.
Several other hedge funds have also modified their holdings of the stock. Lightrock Netherlands B.V.
purchased a new stake in Sally Beauty during the 4th quarter worth about $9,413,000. Teacher Retirement System of Texas increased its stake in shares of Sally Beauty by 269.8% during the fourth quarter.
Teacher Retirement System of Texas now owns 732,845 shares of the specialty retailer’s stock worth $7,658,000 after buying an additional 534,651 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Sally Beauty during the fourth quarter worth approximately $3,177,000.
JPMorgan Chase & Co. raised its holdings in Sally Beauty by 306.7% in the third quarter.
JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares in the last quarter. Finally, Amundi lifted its stake in Sally Beauty by 1,215.
4% in the fourth 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 last quarter. Analysts Set New Price Targets A number of equities research analysts have commented on SBH shares.
Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective on the stock.
StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson decreased their price target on Sally Beauty from $13.
00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price objective on Sally Beauty from $12.
00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock.
According to data from MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and an average price target of $12.70. Sally Beauty Price Performance Shares of NYSE:SBH opened at $8.
49 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.
27 and a quick ratio of 0.44. Sally Beauty Holdings, Inc.
has a 12 month low of $8.00 and a 12 month high of $14.79.
The firm has a market capitalization of $865.08 million, a P/E ratio of 5.08 and a beta of 1.
35. The company’s fifty day moving average price is $9.35 and its 200 day moving average price is $11.
36. 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. The business had revenue of $937.
90 million during the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.
35% and a net margin of 4.73%. As a group, sell-side analysts predict that Sally Beauty Holdings, Inc.
will post 1.81 earnings per share for the current fiscal year. Sally Beauty Company 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. Read More Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. ( NYSE:SBH – Free Report ). Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.
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