April 15, 2024

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Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Dupont Capital Management Corp

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Dupont Capital Management Corp trimmed its stake in Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 8.1% in the first quarter, HoldingsChannel.com reports. The fund owned 10,468 shares of the specialty retailer’s stock after selling 926 shares during the quarter. Dupont Capital Management Corp’s holdings in Sally Beauty were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. New York State Teachers Retirement System increased its stake in Sally Beauty by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 71,506 shares of the specialty retailer’s stock valued at $1,320,000 after purchasing an additional 993 shares during the last quarter. Huntington National Bank increased its stake in Sally Beauty by 39.8% in the fourth quarter. Huntington National Bank now owns 3,768 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 1,072 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Sally Beauty by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 230,220 shares of the specialty retailer’s stock valued at $4,250,000 after purchasing an additional 1,820 shares during the last quarter. Diversified Trust Co increased its stake in Sally Beauty by 8.4% in the first quarter. Diversified Trust Co now owns 25,290 shares of the specialty retailer’s stock valued at $395,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sally Beauty by 23.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,230 shares of the specialty retailer’s stock valued at $281,000 after purchasing an additional 2,857 shares during the last quarter.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $13.21 on Wednesday. Sally Beauty Holdings, Inc. has a 1-year low of $11.28 and a 1-year high of $22.85. The business has a 50-day moving average of $13.39 and a 200-day moving average of $15.62. The company has a debt-to-equity ratio of 5.08, a current ratio of 2.27 and a quick ratio of 0.59. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 5.82 and a beta of 1.41.

Sally Beauty (NYSE:SBHGet Rating) last issued its earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The company had revenue of $911.40 million during the quarter, compared to analysts’ expectations of $951.20 million. During the same period in the previous year, the company earned $0.57 EPS. Sally Beauty’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Analyst Ratings Changes

SBH has been the subject of several analyst reports. Oppenheimer lowered Sally Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 5th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. Raymond James lowered Sally Beauty from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 29th. Morgan Stanley lowered Sally Beauty from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $19.00 to $12.00 in a research note on Thursday, June 16th. Finally, Cowen dropped their price target on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.70.

Sally Beauty Profile

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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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Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating).

Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)



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