Comerica Bank increased its position in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,759 shares of the specialty retailer’s stock after acquiring an additional 785 shares during the period. Comerica Bank’s holdings in Sally Beauty were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBH. Counterpoint Mutual Funds LLC acquired a new position in shares of Sally Beauty in the first quarter valued at about $66,000. Nisa Investment Advisors LLC purchased a new position in Sally Beauty during the 4th quarter worth approximately $89,000. National Bank of Canada FI acquired a new stake in Sally Beauty during the 4th quarter valued at approximately $126,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sally Beauty in the 4th quarter valued at $165,000. Finally, Inspire Investing LLC acquired a new stake in shares of Sally Beauty in the first quarter worth $239,000.
Sally Beauty Stock Up 0.4 %
Shares of SBH opened at $13.69 on Tuesday. The firm has a market cap of $1.46 billion, a P/E ratio of 6.03 and a beta of 1.41. Sally Beauty Holdings, Inc. has a 12 month low of $11.28 and a 12 month high of $22.85. The stock’s 50 day moving average is $13.30 and its two-hundred day moving average is $15.46. The company has a current ratio of 2.27, a quick ratio of 0.59 and a debt-to-equity ratio of 5.08.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly 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 company had revenue of $911.40 million during 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%. Sally Beauty’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Analysts predict that Sally Beauty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.
Analysts Set New Price Targets
SBH has been the topic of several recent research reports. TheStreet lowered shares of Sally Beauty from a “b-” rating to a “c+” rating in a report on Thursday, June 23rd. Raymond James downgraded Sally Beauty from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 29th. Morgan Stanley downgraded Sally Beauty from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $19.00 to $12.00 in a report on Thursday, June 16th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. Two 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.70.
Sally Beauty Profile
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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