Trade Report: Today, Sally Beauty Holdings Inc. (SBH) Stake Decreased by Wells Fargo & Company MN

Today, Sally Beauty Holdings Inc. (SBH) Stake Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in Sally Beauty Holdings Inc. (NYSE:SBH) by 71.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 704,763 shares of the company’s stock after selling 1,750,097 shares during the period. Wells Fargo & Company MN owned 0.48% of Sally Beauty Holdings worth $18,098,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SBH. Cooke & Bieler LP raised its stake in shares of Sally Beauty Holdings by 48.3% in the second quarter. Cooke & Bieler LP now owns 1,214,399 shares of the company’s stock valued at $35,715,000 after buying an additional 395,266 shares in the last quarter. Sei Investments Co. raised its stake in shares of Sally Beauty Holdings by 2.3% in the second quarter. Sei Investments Co. now owns 949,018 shares of the company’s stock valued at $27,910,000 after buying an additional 21,641 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Sally Beauty Holdings by 5.4% in the second quarter. ST Germain D J Co. Inc. now owns 467,621 shares of the company’s stock valued at $13,753,000 after buying an additional 23,751 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Sally Beauty Holdings by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 92,749 shares of the company’s stock valued at $3,003,000 after buying an additional 3,763 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Sally Beauty Holdings during the second quarter valued at about $1,371,000.

Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.04% during trading on Friday, hitting $26.93. The stock had a trading volume of 528,187 shares. Sally Beauty Holdings Inc. has a 12-month low of $23.72 and a 12-month high of $32.93. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.95 and a beta of 0.67. The stock has a 50 day moving average price of $26.20 and a 200 day moving average price of $27.75.

Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the 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 company earned $976.40 million during the quarter, compared to analyst estimates of $989.05 million. During the same quarter in the previous year, the business earned $0.38 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Sally Beauty Holdings Inc. will post $1.72 earnings per share for the current year.

Several analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $30.00 price objective on shares of Sally Beauty Holdings in a report on Sunday, August 14th. Cowen and Company set a $29.00 price objective on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. Piper Jaffray Cos. reiterated a “neutral” rating and set a $28.00 price objective (down from $30.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of Sally Beauty Holdings in a report on Thursday, September 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.85.

Sally Beauty Holdings Company Profile

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