Sally Beauty Holdings, Inc. (NYSE:SBH) Stake Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,620 shares of the specialty retailer’s stock after selling 8,567 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sally Beauty were worth $3,347,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares in the last quarter. Victory Capital Management Inc. increased its position in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after acquiring an additional 10,016 shares during the period. Dimensional Fund Advisors LP raised its stake in Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after purchasing an additional 833,720 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Sally Beauty during the 2nd quarter worth about $11,796,000.

Sally Beauty Price Performance

Shares of SBH stock opened at $12.47 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.66 and a beta of 1.51. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average of $13.07 and a 200-day moving average of $12.21.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. During the same period in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

SBH has been the subject of several recent research reports. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. Morgan Stanley boosted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Finally, DA Davidson increased their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.50.

Insider Transactions at Sally Beauty

In related news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Sally Beauty Company Profile

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.