Sei Investments Co. raised its stake in Sally Beauty Holdings Inc. (NYSE:SBH) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 975,399 shares of the company’s stock after buying an additional 26,381 shares during the period. Sei Investments Co. owned about 0.67% of Sally Beauty Holdings worth $25,048,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Sally Beauty Holdings during the third quarter valued at approximately $132,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Sally Beauty Holdings during the second quarter valued at about $205,000. Pacer Advisors Inc. raised its stake in shares of Sally Beauty Holdings by 505.7% in the second quarter. Pacer Advisors Inc. now owns 7,075 shares of the company’s stock valued at $208,000 after buying an additional 5,907 shares during the period. World Asset Management Inc purchased a new stake in shares of Sally Beauty Holdings during the third quarter valued at about $239,000. Finally, Reliance Trust Co. of Delaware raised its stake in shares of Sally Beauty Holdings by 17.5% in the second quarter. Reliance Trust Co. of Delaware now owns 8,388 shares of the company’s stock valued at $247,000 after buying an additional 1,247 shares during the period.
Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.07% on Friday, reaching $26.94. The company’s stock had a trading volume of 208,483 shares. Sally Beauty Holdings Inc. has a one year low of $23.72 and a one year high of $32.93. The firm has a 50-day moving average of $26.16 and a 200-day moving average of $27.78. The company has a market capitalization of $3.89 billion, a PE ratio of 17.96 and a beta of 0.67.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business earned $976.40 million during the quarter, compared to analyst estimates of $989.05 million. Sally Beauty Holdings had a negative return on equity of 83.65% and a net margin of 5.64%. Sally Beauty Holdings’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. Analysts predict that Sally Beauty Holdings Inc. will post $1.72 EPS for the current year.
Several equities research analysts have issued reports on SBH shares. Cowen and Company set a $29.00 price target on Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Thursday, September 29th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 price target on shares of Sally Beauty Holdings in a research note on Friday, September 30th. Finally, B. Riley reaffirmed a “neutral” rating and set a $30.00 price target on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Sally Beauty Holdings currently has a consensus rating of “Hold” and an average target price of $30.85.
About Sally Beauty Holdings