Vanguard Group Inc. lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 6.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,732,079 shares of the specialty retailer’s stock after purchasing an additional 780,329 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Sally Beauty worth $115,075,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its position in Sally Beauty by 143.5% during the third quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after buying an additional 1,289 shares in the last quarter. US Bancorp DE raised its holdings in shares of Sally Beauty by 126.7% during the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock worth $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 worth $32,000. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 1,208 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Sally Beauty by 101.2% in the first quarter. UBS Group AG now owns 5,008 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 423,610 shares during the period.
Analyst Ratings Changes
Several equities analysts have weighed in on SBH shares. Piper Sandler decreased their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a report 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.
Get Our Latest Analysis on Sally Beauty
Sally Beauty Trading Down 6.7 %
NYSE SBH opened at $11.06 on Thursday. 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 stock has a market capitalization of $1.16 billion, a P/E ratio of 7.04 and a beta of 1.46. The firm’s 50-day moving average is $12.56 and its two-hundred day moving average is $10.96. Sally Beauty Holdings, Inc. has a 12 month low of $7.21 and a 12 month high of $15.87.
Sally Beauty (NYSE:SBH – Get Free Report) last released its quarterly 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. The business had revenue of $931.30 million for 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 business’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. On average, sell-side 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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