Trade Report: Today, Tdam USA Inc. Buys 51,961 Shares of Sally Beauty Holdings Inc. (SBH)

Today, Tdam USA Inc. Buys 51,961  Shares of Sally Beauty Holdings Inc. (SBH)

Tdam USA Inc. bought a new position in shares of Sally Beauty Holdings Inc. (NYSE:SBH) during the third quarter, Holdings Channel reports. The fund bought 51,961 shares of the company’s stock, valued at approximately $1,334,000.

Other hedge funds have also made changes to their positions in the company. Cooke & Bieler LP boosted 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 worth $35,715,000 after buying an additional 395,266 shares in the last quarter. Sei Investments Co. boosted 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 worth $27,910,000 after buying an additional 21,641 shares in the last quarter. ST Germain D J Co. Inc. boosted 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 worth $13,753,000 after buying an additional 23,751 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 worth $3,003,000 after buying an additional 3,763 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Sally Beauty Holdings during the second quarter worth approximately $1,371,000.

Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.04% during trading on Friday, reaching $26.93. 528,187 shares of the company’s stock traded hands. Sally Beauty Holdings Inc. has a one year low of $23.72 and a one year high of $32.93. The company has a 50-day moving average price of $26.16 and a 200 day moving average price of $27.78. The firm has a market capitalization of $3.89 billion, a PE ratio of 17.95 and a beta of 0.67.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm earned $976.40 million during the quarter, compared to analyst estimates of $989.05 million. Sally Beauty Holdings had a net margin of 5.64% and a negative return on equity of 83.65%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. On average, analysts anticipate that Sally Beauty Holdings Inc. will post $1.72 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on SBH shares. Piper Jaffray Cos. reissued a “hold” rating and issued a $27.00 price objective on shares of Sally Beauty Holdings in a research note on Friday, September 30th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $35.00 price objective on shares of Sally Beauty Holdings in a research note on Thursday, September 15th. Cowen and Company set a $29.00 price objective on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Thursday, September 29th. Zacks Investment Research raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Finally, Citigroup Inc. cut shares of Sally Beauty Holdings to an “underperform” rating in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Sally Beauty Holdings currently has an average rating of “Hold” and an average price target of $30.85.

Sally Beauty Holdings Company Profile

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.

Related posts

Leave a Comment