Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by Barclays PLC

Barclays PLC increased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 36.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 212,159 shares of the specialty retailer’s stock after acquiring an additional 56,879 shares during the period. Barclays PLC’s holdings in Sally Beauty were worth $2,878,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Sally Beauty by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after purchasing an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $35,276,000 after buying an additional 833,720 shares in 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 worth $34,551,000 after buying an additional 80,712 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Sally Beauty during the 2nd quarter worth approximately $11,796,000.

Analyst Ratings Changes

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

Sally Beauty Trading Down 1.1 %

Shares of SBH opened at $11.25 on Wednesday. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The firm has a market capitalization of $1.15 billion, a P/E ratio of 7.81 and a beta of 1.51. The firm has a 50-day moving average price of $12.94 and a 200 day moving average price of $12.21. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $935.88 million. During the same quarter last year, the firm earned $0.42 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insider Buying and Selling at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty 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 in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s 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 transaction, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.56% 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.