State of New Jersey Common Pension Fund D raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 7.0% during the first quarter, Holdings Channel.com reports. The firm owned 146,674 shares of the specialty retailer’s stock after purchasing an additional 9,534 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sally Beauty were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its stake in shares of Sally Beauty by 97.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock worth $67,003,000 after acquiring an additional 1,789,399 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sally Beauty by 50.3% during the 4th quarter. Renaissance Technologies LLC now owns 467,100 shares of the specialty retailer’s stock worth $8,623,000 after acquiring an additional 156,384 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Sally Beauty by 27.9% during the 1st quarter. Pacer Advisors Inc. now owns 566,542 shares of the specialty retailer’s stock worth $8,855,000 after acquiring an additional 123,636 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sally Beauty by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,956,629 shares of the specialty retailer’s stock worth $36,119,000 after acquiring an additional 111,357 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Sally Beauty during the 4th quarter worth approximately $1,971,000.

Sally Beauty Trading Up 0.9 %

Shares of SBH opened at $13.85 on Thursday. The stock has a fifty day moving average of $13.24 and a two-hundred day moving average of $15.26. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. The company has a market capitalization of $1.48 billion, a PE ratio of 6.10 and a beta of 1.38. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.28 and a fifty-two week high of $21.86.

Sally Beauty (NYSE:SBH – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $911.40 million during the quarter, compared to the consensus estimate 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 was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 2.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SBH. Raymond James lowered Sally Beauty from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 29th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Morgan Stanley downgraded Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $19.00 to $12.00 in a research report on Thursday, June 16th. Oppenheimer downgraded Sally Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 5th. Finally, Cowen cut their price objective on Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.70.

About Sally Beauty

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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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