Fisher Asset Management LLC Lowers Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,678,027 shares of the specialty retailer’s stock after selling 5,903 shares during the period. Fisher Asset Management LLC’s holdings in Sally Beauty were worth $36,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Sally Beauty during the first quarter worth approximately $64,000. nVerses Capital LLC bought a new position in Sally Beauty in the third quarter worth approximately $94,000. Quest Partners LLC increased its holdings in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the period. Algert Global LLC bought a new stake in Sally Beauty during the 2nd quarter valued at $113,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Sally Beauty in the 2nd quarter worth $117,000.

Analyst Ratings Changes

Several brokerages have recently commented on SBH. Morgan Stanley raised their price target on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. DA Davidson boosted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Trading Up 0.9 %

NYSE SBH opened at $14.22 on Wednesday. Sally Beauty Holdings, Inc. has a 52 week low of $9.06 and a 52 week high of $14.64. The company has a 50 day moving average price of $13.07 and a 200 day moving average price of $11.99. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.45 billion, a PE ratio of 9.88 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Insider Activity at Sally Beauty

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

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.