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.
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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.
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