UBS Asset Management Americas Inc. boosted its holdings in Sally Beauty Holdings (NYSE:SBH) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,329 shares of the specialty retailer’s stock after buying an additional 6,569 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.11% of Sally Beauty worth $2,558,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue bought a new position in Sally Beauty in the 4th quarter worth approximately $185,000. GSA Capital Partners LLP bought a new position in Sally Beauty in the 3rd quarter worth approximately $197,000. Invictus RG bought a new position in Sally Beauty in the 3rd quarter worth approximately $202,000. Crossmark Global Holdings Inc. bought a new position in Sally Beauty in the 3rd quarter worth approximately $261,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $282,000.
SBH stock traded down $0.28 during trading on Friday, hitting $16.09. The company had a trading volume of 1,613,607 shares, compared to its average volume of 1,385,275. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.38. The firm has a market cap of $2,012.91, a price-to-earnings ratio of 8.94, a P/E/G ratio of 0.98 and a beta of 0.34. Sally Beauty Holdings has a fifty-two week low of $14.05 and a fifty-two week high of $21.36.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.26. The company had revenue of $994.96 million for the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. research analysts anticipate that Sally Beauty Holdings will post 2.38 earnings per share for the current year.
SBH has been the topic of a number of research reports. Robert W. Baird set a $21.00 price objective on Sally Beauty and gave the company a “buy” rating in a research report on Friday, December 22nd. BMO Capital Markets set a $18.00 price objective on Sally Beauty and gave the company a “hold” rating in a research report on Thursday, February 8th. ValuEngine cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Oppenheimer restated a “hold” rating on shares of Sally Beauty in a research report on Wednesday, January 31st. Two investment 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. Sally Beauty currently has a consensus rating of “Hold” and an average target price of $17.50.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/08/ubs-asset-management-americas-inc-increases-holdings-in-sally-beauty-holdings-inc-sbh.html.
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.
Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.