The Manufacturers Life Insurance Company reduced its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 50,233 shares of the specialty retailer’s stock after selling 963 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sally Beauty were worth $682,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of SBH. Marshall Wace LLP purchased a new position in Sally Beauty during the second quarter worth about $11,796,000. Dimensional Fund Advisors LP boosted its stake in shares of Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Sally Beauty by 945.0% in the second quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after acquiring an additional 766,815 shares in the last quarter. Maverick Capital Ltd. increased its position in shares of Sally Beauty by 141.3% during the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock valued at $2,816,000 after acquiring an additional 153,707 shares during the last quarter. Finally, AXA S.A. lifted its holdings in Sally Beauty by 446.7% during the second quarter. AXA S.A. now owns 166,519 shares of the specialty retailer’s stock worth $1,787,000 after acquiring an additional 136,062 shares during the period.
Sally Beauty Trading Down 1.0 %
NYSE:SBH opened at $12.47 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. The stock’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $12.21. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company has a market cap of $1.27 billion, a P/E ratio of 8.66 and a beta of 1.51.
Analyst Ratings Changes
Several brokerages have recently issued reports on SBH. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Morgan Stanley boosted their price objective on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $13.50.
View Our Latest Research Report on Sally Beauty
Insider Transactions at Sally Beauty
In related news, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. 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.
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Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report).
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