Diversified Trust Co increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 8.4% during the 1st quarter, Holdings Channel reports. The firm owned 25,290 shares of the specialty retailer’s stock after purchasing an additional 1,950 during the quarter. Diversified Trust Co’s holdings in Sally Beauty were worth $395,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group bought a new position in shares of Sally Beauty in the fourth quarter worth approximately $1,971,000. Invenomic Capital Management LP raised its holdings in shares of Sally Beauty by 41.9% during the 4th quarter. Invenomic Capital Management LP now owns 132,743 shares of the specialty retailer’s stock valued at $2,451,000 after buying an additional 39,221 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Sally Beauty by 29.6% in the 4th quarter. Qube Research & Technologies Ltd now owns 19,392 shares of the specialty retailer’s stock worth $358,000 after buying an additional 4,426 shares during the last quarter. Balyasny Asset Management LLC purchased a new stake in Sally Beauty in the third quarter worth approximately $1,273,000. Finally, NorthCrest Asset Management LLC bought a new position in Sally Beauty during the fourth quarter valued at approximately $467,000.
A number of brokerages have recently weighed in on SBH. Cowen lowered their objective price on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Morgan Stanley lowered shares of Sally Beauty from an “equal weight” rating to an “underweight” rating and lowered their objective price for the stock from $19.00 to $12.00 in a report on Thursday, June 16th. Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market performer” rating in a report on Thursday, May 5th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, June 13th. Finally, Cowen cut their target price on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.70.
Shares of Sally Beauty stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.39. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.37 and a beta of 1.34. The company’s 50 day moving average price is $14.51 and its 200-day moving average price is $16.48.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The company had revenue of $911.40 million during the quarter, compared to the consensus estimate of $951.20 million. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 2.3 earnings per share for the current fiscal year.
Sally Beauty Company Profile (Get Rating)
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 customers, salons, and salon professionals.
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