OppenheimerFunds Inc. increased its holdings in shares of Sally Beauty Holdings (NYSE:SBH) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,884 shares of the specialty retailer’s stock after acquiring an additional 17,330 shares during the quarter. OppenheimerFunds Inc. owned about 0.05% of Sally Beauty worth $1,273,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in SBH. First Trust Advisors LP grew its stake in Sally Beauty by 108.9% during the third quarter. First Trust Advisors LP now owns 208,589 shares of the specialty retailer’s stock worth $4,084,000 after buying an additional 108,723 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Sally Beauty during the third quarter worth about $261,000. Canada Pension Plan Investment Board acquired a new stake in Sally Beauty during the third quarter worth about $4,362,000. Sei Investments Co. grew its stake in Sally Beauty by 12.4% during the third quarter. Sei Investments Co. now owns 285,451 shares of the specialty retailer’s stock worth $5,590,000 after buying an additional 31,515 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Sally Beauty by 18.9% during the third quarter. New York State Common Retirement Fund now owns 573,100 shares of the specialty retailer’s stock worth $11,221,000 after buying an additional 90,900 shares in the last quarter.
NYSE:SBH opened at $16.09 on Friday. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.38 and a current ratio of 1.97. Sally Beauty Holdings has a one year low of $14.05 and a one year high of $21.36. The company has a market cap of $2,069.20, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.01 and a beta of 0.34.
Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The business had revenue of $994.96 million for the quarter, compared to the consensus estimate of $990.18 million. During the same period last year, the company earned $0.39 EPS. The firm’s revenue was down .5% compared to the same quarter last year. analysts expect that Sally Beauty Holdings will post 2.4 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Robert W. Baird set a $21.00 price target on shares of Sally Beauty and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, January 17th. BMO Capital Markets set a $18.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, Oppenheimer restated a “hold” rating on shares of Sally Beauty in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.50.
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About Sally Beauty
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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