Oregon Public Employees Retirement Fund lowered its stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 42,573 shares of the specialty retailer’s stock after selling 1,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sally Beauty were worth $665,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank increased its position in shares of Sally Beauty by 39.8% in the 4th quarter. Huntington National Bank now owns 3,768 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 1,072 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Sally Beauty in the 4th quarter worth about $89,000. National Bank of Canada FI bought a new stake in shares of Sally Beauty in the 4th quarter worth about $126,000. Point72 Hong Kong Ltd bought a new stake in shares of Sally Beauty in the 4th quarter worth about $165,000. Finally, Inspire Investing LLC bought a new stake in shares of Sally Beauty in the 1st quarter worth about $239,000.
Sally Beauty Trading Up 3.1 %
Sally Beauty stock opened at $12.43 on Friday. The company has a quick ratio of 0.59, a current ratio of 2.27 and a debt-to-equity ratio of 5.08. The firm has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $15.72. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.48 and a beta of 1.41. Sally Beauty Holdings, Inc. has a 52-week low of $11.28 and a 52-week high of $22.85.
Sally Beauty (NYSE:SBH – Get Rating) last posted its earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The firm had revenue of $911.40 million for the quarter, compared to analyst estimates of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.29 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SBH. TheStreet downgraded shares of Sally Beauty from a “b-” rating to a “c+” rating in a research report on Thursday, June 23rd. Raymond James lowered shares of Sally Beauty from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 29th. Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. Cowen decreased their price target on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Sally Beauty has an average rating of “Hold” and a consensus target price of $18.70.
About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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