Gabelli Funds LLC lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 830,300 shares of the company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in Sally Beauty Holdings were worth $21,937,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Sally Beauty Holdings by 12.0% in the second quarter. Huntington National Bank now owns 13,214 shares of the company’s stock worth $389,000 after buying an additional 1,420 shares during the period. Pax World Management LLC boosted its stake in shares of Sally Beauty Holdings by 3.5% in the second quarter. Pax World Management LLC now owns 628,780 shares of the company’s stock worth $18,492,000 after buying an additional 21,491 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Sally Beauty Holdings by 7.3% in the second quarter. BlackRock Advisors LLC now owns 80,337 shares of the company’s stock worth $2,363,000 after buying an additional 5,479 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Sally Beauty Holdings by 6.1% in the second quarter. Engineers Gate Manager LP now owns 180,786 shares of the company’s stock worth $5,317,000 after buying an additional 10,453 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Sally Beauty Holdings by 2.3% in the second quarter. Sei Investments Co. now owns 949,018 shares of the company’s stock worth $27,910,000 after buying an additional 21,641 shares during the period.
Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) traded up 0.22% on Friday, hitting $22.61. The company’s stock had a trading volume of 710,984 shares. The stock’s 50 day moving average is $24.68 and its 200-day moving average is $26.26. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 14.02 and a beta of 0.69. Sally Beauty Holdings, Inc. has a 52 week low of $21.51 and a 52 week high of $32.93.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, February 2nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Sally Beauty Holdings had a negative return on equity of 82.84% and a net margin of 5.98%. The firm had revenue of $999.60 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $0.43 EPS. Sally Beauty Holdings’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post $1.76 earnings per share for the current year.
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SBH has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $29.00 target price (down previously from $35.00) on shares of Sally Beauty Holdings in a report on Wednesday, November 2nd. Citigroup Inc. lowered Sally Beauty Holdings to an “underperform” rating in a research note on Tuesday, November 15th. B. Riley reissued a “neutral” rating and set a $29.00 price target on shares of Sally Beauty Holdings in a research note on Wednesday, November 16th. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Finally, Cowen and Company set a $29.00 price target on Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.09.
In related news, CAO Janna Minton sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $22.88, for a total transaction of $257,400.00. Following the sale, the chief accounting officer now owns 26,639 shares of the company’s stock, valued at $609,500.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by insiders.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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