BNP Paribas Arbitrage SA decreased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 44.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,312 shares of the specialty retailer’s stock after selling 17,541 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Sally Beauty were worth $367,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meadow Creek Investment Management LLC grew its stake in shares of Sally Beauty by 27.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 3,036 shares during the period. Sei Investments Co. grew its stake in shares of Sally Beauty by 1.3% during the 4th quarter. Sei Investments Co. now owns 289,284 shares of the specialty retailer’s stock worth $5,427,000 after purchasing an additional 3,833 shares during the period. Swiss National Bank grew its stake in Sally Beauty by 2.0% in the 1st quarter. Swiss National Bank now owns 228,300 shares of the specialty retailer’s stock valued at $3,756,000 after acquiring an additional 4,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Sally Beauty by 176.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,524 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 4,805 shares during the period. Finally, Guggenheim Capital LLC grew its stake in Sally Beauty by 27.0% in the 4th quarter. Guggenheim Capital LLC now owns 25,275 shares of the specialty retailer’s stock valued at $476,000 after acquiring an additional 5,371 shares during the period.
In related news, CEO Christian A. Brickman purchased 20,000 shares of Sally Beauty stock in a transaction dated Monday, May 7th. The shares were acquired at an average price of $14.61 per share, for a total transaction of $292,200.00. Following the acquisition, the chief executive officer now directly owns 267,705 shares in the company, valued at $3,911,170.05. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward W. Rabin purchased 3,300 shares of Sally Beauty stock in a transaction dated Monday, May 7th. The shares were bought at an average price of $14.48 per share, for a total transaction of $47,784.00. Following the acquisition, the director now owns 14,351 shares in the company, valued at $207,802.48. The disclosure for this purchase can be found here. Insiders acquired a total of 26,800 shares of company stock worth $392,834 in the last 90 days. 0.97% of the stock is currently owned by insiders.
Shares of Sally Beauty opened at $16.38 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of -5.62, a quick ratio of 0.40 and a current ratio of 2.11. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.11 and a beta of 0.29. Sally Beauty Holdings, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $21.36.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The firm had revenue of $975.30 million during the quarter, compared to analysts’ expectations of $975.33 million. Sally Beauty had a net margin of 6.26% and a negative return on equity of 73.82%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. sell-side analysts expect that Sally Beauty Holdings, Inc. will post 2.2 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Cowen reissued a “market perform” rating on shares of Sally Beauty in a research note on Wednesday, June 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Morgan Stanley set a $14.00 price target on shares of Sally Beauty and gave the company a “sell” rating in a research note on Saturday, May 5th. Bank of America dropped their price target on shares of Sally Beauty from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Finally, BMO Capital Markets set a $16.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a research note on Friday, May 4th. Three investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.90.
Sally Beauty Profile
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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