Landscape Capital Management L.L.C. trimmed its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 51.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,662 shares of the specialty retailer’s stock after selling 56,611 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Sally Beauty were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.
→ Laser breakthrough could send stock soaring 2,476% (From Behind the Markets)
Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. raised its position in Sally Beauty by 146.0% in the 2nd quarter. Assetmark Inc. now owns 2,423 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 1,438 shares during the last quarter. First Horizon Advisors Inc. raised its position in Sally Beauty by 1,882.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,458 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 2,334 shares during the last quarter. Captrust Financial Advisors raised its position in Sally Beauty by 27.1% in the 2nd quarter. Captrust Financial Advisors now owns 6,402 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 1,366 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in Sally Beauty by 94.3% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 8,265 shares of the specialty retailer’s stock worth $99,000 after purchasing an additional 4,011 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Sally Beauty by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,037 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 1,091 shares during the last quarter.
Sally Beauty Price Performance
SBH opened at $14.45 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.70 and a debt-to-equity ratio of 3.69. Sally Beauty Holdings, Inc. has a 12 month low of $10.95 and a 12 month high of $19.08. The company has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $13.20. The stock has a market cap of $1.55 billion, a P/E ratio of 8.76 and a beta of 1.19.
Sally Beauty (NYSE:SBH – Get Rating) last announced its earnings results on Thursday, November 10th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $962.46 million during the quarter, compared to analyst estimates of $943.88 million. Sally Beauty had a net margin of 4.81% and a return on equity of 83.29%. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.88 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on SBH shares. DA Davidson dropped their price objective on shares of Sally Beauty from $14.50 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 14th. Morgan Stanley dropped their target price on shares of Sally Beauty to $10.00 in a research report on Wednesday, November 16th. StockNews.com cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, Piper Sandler started coverage on shares of Sally Beauty in a research report on Thursday, December 15th. They set an “overweight” rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average target price of $14.10.
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 (SBS) and Beauty Systems Group (BSG). The SBS segment offers beauty products, including hair color and care products, styling tools, skin and nail care products, cosmetics, and other beauty products for retail customers and salon professionals through retail stores and digital platforms.
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 – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Sally Beauty, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Sally Beauty wasn’t on the list.
While Sally Beauty currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
20 Stocks to Sell Now
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.