Ballentine Partners LLC lifted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,716 shares of the specialty retailer’s stock after purchasing an additional 1,043 shares during the period. Ballentine Partners LLC’s holdings in Sally Beauty were worth $156,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SBH. Royal Bank of Canada increased its holdings in Sally Beauty by 143.5% during the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 1,289 shares in the last quarter. US Bancorp DE increased its holdings in Sally Beauty by 126.7% during 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 in the last quarter. State of Wyoming purchased a new position in Sally Beauty during the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC increased its holdings in 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 acquiring an additional 1,208 shares in the last quarter. Finally, UBS Group AG increased its holdings in 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 acquiring an additional 423,610 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SBH shares. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Piper Sandler dropped their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th.
View Our Latest Research Report on SBH
Sally Beauty Stock Performance
Shares of NYSE SBH opened at $10.76 on Tuesday. The company has a market cap of $1.13 billion, a PE ratio of 6.85 and a beta of 1.46. Sally Beauty Holdings, Inc. has a 12 month low of $7.21 and a 12 month high of $15.02. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45. The company has a 50-day simple moving average of $12.48 and a 200-day simple moving average of $11.03.
Sally Beauty (NYSE:SBH – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $931.30 million during the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities 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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