10,759 Shares in Sally Magnificence Holdings, Inc. (NYSE:SBH) Purchased by Raymond James Belief N.A.
Raymond James Trust N.A. acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 10,759 shares of the specialty retailer’s stock, valued at approximately $143,000.
Several other large investors have also made changes to their positions in the business. Royal Bank of Canada grew its stake in Sally Beauty by 143.5% in the third quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 1,289 shares in the last quarter. US Bancorp DE increased its position in shares of Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 1,311 shares during the period. State of Wyoming purchased a new position in shares of Sally Beauty during the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC raised its stake in shares of Sally Beauty by 30.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 1,208 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Sally Beauty by 101.2% during the 1st quarter. UBS Group AG now owns 5,008 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 423,610 shares during the last quarter.
Analysts Set New Price Targets
SBH has been the subject of several recent analyst reports. Piper Sandler cut their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. DA Davidson upped their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th.
View Our Latest Stock Analysis on SBH
Sally Beauty Price Performance
Shares of SBH opened at $12.17 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.75 and a beta of 1.47. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $15.93. The firm has a 50-day simple moving average of $12.55 and a 200-day simple moving average of $10.87. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20.
Sally Beauty (NYSE:SBH – Get Free Report) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The company had revenue of $931.30 million during the quarter, compared to analysts’ expectations of $929.49 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.87 earnings per share 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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