Trade Report: The Eagle Asset Management Inc. cuts position of Sally Beauty Holdings Inc. (SBH)

The Eagle Asset Management Inc. cuts position of Sally Beauty Holdings Inc. (SBH)

Eagle Asset Management Inc. lowered its stake in shares of Sally Beauty Holdings Inc. (NYSE:SBH) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,203,836 shares of the company’s stock after selling 2,261 shares during the period. Eagle Asset Management Inc.’s holdings in Sally Beauty Holdings were worth $30,914,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SBH. Chevy Chase Trust Holdings Inc. acquired a new position in Sally Beauty Holdings during the second quarter valued at $205,000. Pacer Advisors Inc. raised its position in 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 last quarter. Reliance Trust Co. of Delaware raised its position in 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 last quarter. Raymond James Trust N.A. raised its position in Sally Beauty Holdings by 9.9% in the second quarter. Raymond James Trust N.A. now owns 8,446 shares of the company’s stock valued at $249,000 after buying an additional 760 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Sally Beauty Holdings during the second quarter valued at $265,000.

Shares of Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.04% on Friday, hitting $26.93. The stock had a trading volume of 528,187 shares. Sally Beauty Holdings Inc. has a one year low of $23.72 and a one year high of $32.93. The firm’s 50 day moving average is $26.20 and its 200-day moving average is $27.75. The stock 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 quarterly 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 negative return on equity of 83.65% and a net margin of 5.64%. The business had revenue of $976.40 million for the quarter, compared to analyst estimates of $989.05 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Sally Beauty Holdings Inc. will post $1.72 earnings per share for the current fiscal year.

Several research analysts recently weighed in on SBH shares. Cowen and Company set a $29.00 price target on Sally Beauty Holdings and gave the company a “buy” rating in a research report on Thursday, September 29th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. Piper Jaffray Cos. reissued a “hold” rating and set a $27.00 price target on shares of Sally Beauty Holdings in a research report on Friday, September 30th. Finally, B. Riley reissued a “neutral” rating and set a $30.00 price target on shares of Sally Beauty Holdings in a research report on Sunday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average 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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