ProShare Advisors LLC increased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – free report ) by 7.1% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm bought an additional 1,426 shares during the quarter, bringing its holdings to 21,589 shares of the specialty retailer. ProShare Advisors LLC’s holdings in Sally Beauty were worth $268,000 at the end of the latest reporting period.
Other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Sally Beauty by 107.9% in the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000. It purchased an additional 1,401 shares during the period. Quadrant Capital Group LLC increased its holdings in Sally Beauty by 168.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000. It purchased an additional 2,829 shares during the period. SG Americas Securities LLC purchased a new stake in Sally Beauty for approximately $136,000 in the fourth quarter. Ballentine Partners LLC increased its holdings in Sally Beauty by 9.8% in the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 1,043 shares during the period. Finally, Cantonal Bank of Zurich increased its holdings in shares of Sally Beauty by 37.0% during the fourth quarter. Cantonal Bank of Zurich now owns 23,859 shares of the specialty retailer’s stock valued at $317,000 after purchasing an additional 6,444 shares during the period.
Analyst upgrades and downgrades
A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and rated the company a “hold” in a report on Wednesday, April 17th. Piper Sandler lowered their price target on Sally Beauty from $14.00 to $13.00 and rated the company an “overweight” in a research note on Thursday, July 11th. One analyst has rated the stock as a sell, three have rated it as a hold, and one has rated it as a buy. According to data from MarketBeat.com, Sally Beauty currently has a consensus rating of a “hold” and an average price target of $11.25.
Get the latest stock analysis for Sally Beauty
Sally Beauty Trading rose 2.8%
SBH’s shares opened at $11.34 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio (PE) of 7.71 and a beta of 1.54. The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.61. Sally Beauty Holdings Inc.’s one year low is $7.21 and its one year high is $13.91.
Sally Beauty (NYSE:SBH – get free report ) last released its earnings results on Thursday, May 9th. The specialty retailer reported quarterly earnings per share of $0.35, missing the consensus estimate of $0.39 by ($0.04). The company’s revenue for the quarter was $908.36 million, compared to analysts’ expectations of $910.72 million. Sally Beauty’s return on equity was 34.23%, with a net margin of 4.36%. The company’s quarterly revenue was down 1.1% year over year. Earnings per share in the same period last year were $0.41. Analysts on average are forecasting Sally Beauty Holdings Inc. to earn $1.69 per share this year.
Sally Beauty Profile
(Free report)
Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two divisions: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply division offers hair color and hair care products, skin and nail care products, styling tools and other beauty products to retail customers, salons and salon professionals.
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