Nisa Investment Advisors LLC increased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 17.3% during the 1st quarter, HoldingsChannel reports. The fund owned 6,100 shares of the specialty retailer’s stock after acquiring an additional 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sally Beauty were worth $95,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Sally Beauty in the first quarter worth about $66,000. National Bank of Canada FI acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $126,000. Point72 Hong Kong Ltd acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $165,000. Gotham Asset Management LLC acquired a new stake in Sally Beauty during the fourth quarter valued at approximately $254,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sally Beauty by 23.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,230 shares of the specialty retailer’s stock valued at $281,000 after buying an additional 2,857 shares in the last quarter.
Analyst Upgrades and Downgrades
SBH has been the topic of several research reports. Morgan Stanley cut Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $19.00 to $12.00 in a research note on Thursday, June 16th. Cowen cut their price objective on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Cowen lowered their target price on Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Oppenheimer lowered Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. Finally, TheStreet lowered Sally Beauty from a “b-” rating to a “c+” rating in a report on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.70.
Sally Beauty Stock Performance
Shares of SBH stock opened at $12.78 on Friday. Sally Beauty Holdings, Inc. has a 12-month low of $11.28 and a 12-month high of $21.86. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 5.63 and a beta of 1.41. The business has a 50 day simple moving average of $13.25 and a 200 day simple moving average of $15.39. The company has a debt-to-equity ratio of 5.08, a current ratio of 2.27 and a quick ratio of 0.59.
Sally Beauty (NYSE:SBH – Get Rating) last issued its quarterly earnings data 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). Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The business had revenue of $911.40 million during the quarter, compared to the consensus estimate of $951.20 million. During the same period last year, the company earned $0.57 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.29 EPS for the current year.
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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