Swiss National Bank reduced its holdings in Sally Beauty Holdings Inc. (NYSE:SBH – free report ) by 0.8% during the first quarter, according to the bank’s latest Form 13F filing with the SEC. The bank sold 1,700 shares during the period, giving it a holding of 210,700 shares of the specialty retailer. Swiss National Bank held about 0.20% of Sally Beauty worth $2,617,000 as of the end of the most recent quarter.
A number of other hedge funds have also recently added or reduced their holdings in SBH. CWM LLC increased its holdings in Sally Beauty by 107.9% in the fourth quarter. CWM LLC now holds 2,700 shares of the specialty retailer’s stock valued at $36,000 after purchasing 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 holds 4,507 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 2,829 shares during the period. SG Americas Securities LLC acquired a new stake in Sally Beauty in the fourth quarter, valued at approximately $136,000. Raymond James Trust NA acquired a new stake in Sally Beauty in the fourth quarter, valued at approximately $143,000. Finally, Ballentine Partners LLC increased its holdings in Sally Beauty by 9.8% during 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.
Sally Beauty Trading rose 1.8%
Sally Beauty shares opened trading at $11.40 on Tuesday. Sally Beauty Holdings Inc. has a 12-month low of $7.21 and a 12-month high of $13.91. The company has a current ratio of 1.99, a quick ratio of 0.37 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio (PE) of 7.76 and a beta of 1.55. The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.64.
Sally Beauty (NYSE:SBH – get free report ) last released its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business had quarterly revenues of $908.36 million, compared to analysts’ estimates of $910.72 million. During the same period last year, the business earned $0.41 per share. The company’s revenues for the quarter were down 1.1% year over year. On average, research analysts expect Sally Beauty Holdings to post EPS of $1.68 for the current fiscal year.
What Wall Street analysts are saying
SBH has been the subject of numerous analyst reports recently. Piper Sandler lowered their price target on Sally Beauty from $14.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, and one has given a buy rating. According to MarketBeat.com, the company has a consensus rating of “hold” and an average price target of $11.25.
Get the latest stock analysis for Sally Beauty
Sally Beauty Company 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.
Recommended articles
Want to know which other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Sally Beauty Holdings, Inc. (NYSE:SBH – FREE Report).
Get Sally Beauty News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings on Sally Beauty and related companies every day with MarketBeat.com’s free email newsletter.
