Today: Today, Mutual of America Capital Management LLC Invests $2,822,000 in Sally Beauty Holdings Inc. (SBH)

Today, Mutual of America Capital Management LLC Invests $2,822,000 in Sally Beauty Holdings Inc. (SBH)

Mutual of America Capital Management LLC bought a new position in shares of Sally Beauty Holdings Inc. (NYSE:SBH) during the third quarter, Holdings Channel reports. The firm bought 109,875 shares of the company’s stock, valued at approximately $2,822,000. Mutual of America Capital Management LLC owned approximately 0.08% of Sally Beauty Holdings as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its stake in shares of Sally Beauty Holdings by 203.3% in the second quarter. Point72 Asset Management L.P. now owns 3,653,300 shares of the company’s stock worth $107,444,000 after buying an additional 2,448,900 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in shares of Sally Beauty Holdings by 19.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 13,783,467 shares of the company’s stock worth $405,372,000 after buying an additional 2,227,625 shares during the last quarter. Eaton Vance Management increased its stake in shares of Sally Beauty Holdings by 339.1% in the second quarter. Eaton Vance Management now owns 1,942,858 shares of the company’s stock worth $57,139,000 after buying an additional 1,500,384 shares during the last quarter. Jackson Square Partners LLC increased its stake in shares of Sally Beauty Holdings by 16.6% in the second quarter. Jackson Square Partners LLC now owns 9,265,944 shares of the company’s stock worth $272,511,000 after buying an additional 1,316,415 shares during the last quarter. Finally, Vulcan Value Partners LLC acquired a new stake in shares of Sally Beauty Holdings during the second quarter worth about $36,673,000.

Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.64% on Thursday, hitting $26.92. 1,323,861 shares of the company’s stock traded hands. The stock has a 50-day moving average of $26.16 and a 200-day moving average of $27.78. Sally Beauty Holdings Inc. has a one year low of $23.72 and a one year high of $32.93. The stock has a market cap of $3.89 billion, a PE ratio of 17.95 and a beta of 0.67.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Sally Beauty Holdings had a net margin of 5.64% and a negative return on equity of 83.65%. The firm earned $976.40 million during the quarter, compared to analysts’ expectations of $989.05 million. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Sally Beauty Holdings Inc. will post $1.72 earnings per share for the current fiscal year.

SBH has been the subject of a number of recent research reports. B. Riley reissued a “neutral” rating and set a $30.00 price objective on shares of Sally Beauty Holdings in a research report on Sunday, August 14th. Zacks Investment Research downgraded shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $35.00 price objective on shares of Sally Beauty Holdings in a research report on Thursday, September 15th. Piper Jaffray Cos. reissued a “hold” rating and set a $27.00 price objective on shares of Sally Beauty Holdings in a research report on Friday, September 30th. Finally, Cowen and Company set a $29.00 price objective on shares of Sally Beauty Holdings and gave the company a “buy” rating in a research report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.85.

About Sally Beauty Holdings

Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.

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