Sally Beauty Holdings, Inc. (SBH) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424,828 shares of the specialty retailer’s stock after selling 95,206 shares during the quarter. Royce & Associates LP’s holdings in Sally Beauty were worth $7,813,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SBH. BlackRock Inc. increased its holdings in shares of Sally Beauty by 29.5% in the second quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock worth $226,051,000 after purchasing an additional 3,215,986 shares during the period. FMR LLC increased its holdings in shares of Sally Beauty by 17.9% in the second quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after purchasing an additional 2,287,521 shares during the period. United Services Automobile Association increased its holdings in shares of Sally Beauty by 273.7% in the second quarter. United Services Automobile Association now owns 1,097,402 shares of the specialty retailer’s stock worth $214,103,000 after purchasing an additional 803,742 shares during the period. Northern Trust Corp increased its holdings in shares of Sally Beauty by 65.1% in the second quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after purchasing an additional 783,382 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Sally Beauty by 1,779.6% in the second quarter. SG Americas Securities LLC now owns 580,037 shares of the specialty retailer’s stock worth $9,298,000 after purchasing an additional 549,178 shares during the period.

SBH opened at $19.29 on Friday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 8.93, a PEG ratio of 1.80 and a beta of 0.20. Sally Beauty Holdings, Inc. has a 52 week low of $13.72 and a 52 week high of $23.61.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, November 8th. The specialty retailer reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $965.98 million. Sally Beauty had a negative return on equity of 82.55% and a net margin of 6.56%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current year.

In other Sally Beauty news, CFO Aaron E. Alt purchased 2,400 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $20.75 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the chief financial officer now directly owns 88,391 shares in the company, valued at approximately $1,834,113.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott C. Sherman sold 3,100 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $21.72, for a total transaction of $67,332.00. Following the sale, the senior vice president now owns 13,312 shares of the company’s stock, valued at $289,136.64. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

A number of research analysts recently commented on SBH shares. Jefferies Financial Group set a $15.00 target price on Sally Beauty and gave the company a “sell” rating in a research note on Friday, November 9th. ValuEngine raised Sally Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. DA Davidson increased their target price on Sally Beauty to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. Zacks Investment Research raised Sally Beauty from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, November 19th. Finally, BMO Capital Markets set a $22.00 target price on Sally Beauty and gave the company a “hold” rating in a research note on Monday, November 19th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.22.

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Sally Beauty Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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