Empirical Finance LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,747 shares of the specialty retailer’s stock, valued at approximately $1,170,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Sally Beauty Holdings by 13,327.3% during the 1st quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock worth $233,521,000 after purchasing an additional 11,339,645 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sally Beauty Holdings by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 11,330,251 shares of the specialty retailer’s stock worth $231,591,000 after purchasing an additional 501,039 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Sally Beauty Holdings during the 2nd quarter worth about $179,760,000. Nordea Investment Management AB grew its holdings in shares of Sally Beauty Holdings by 24.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,057,114 shares of the specialty retailer’s stock worth $122,657,000 after purchasing an additional 1,200,950 shares during the period. Finally, State Street Corp grew its holdings in shares of Sally Beauty Holdings by 0.4% during the 2nd quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock worth $81,789,000 after purchasing an additional 14,768 shares during the period.
Shares of Sally Beauty Holdings, Inc. (NYSE SBH) traded down $0.04 during midday trading on Monday, reaching $17.36. The company’s stock had a trading volume of 90,052 shares, compared to its average volume of 2,295,539. Sally Beauty Holdings, Inc. has a 1 year low of $16.35 and a 1 year high of $30.17. The company has a debt-to-equity ratio of -5.07, a current ratio of 2.18 and a quick ratio of 0.43. The firm has a market capitalization of $2,285.90, a price-to-earnings ratio of 9.89, a PEG ratio of 1.56 and a beta of 0.66.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $998.04 million during the quarter, compared to analyst estimates of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. Sally Beauty Holdings’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.
Sally Beauty Holdings announced that its Board of Directors has initiated a share buyback program on Thursday, August 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
A number of equities analysts have weighed in on SBH shares. DA Davidson restated a “buy” rating and issued a $23.00 price target on shares of Sally Beauty Holdings in a report on Monday, July 24th. Zacks Investment Research upgraded Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, July 18th. Cowen and Company restated a “buy” rating and issued a $24.00 price target on shares of Sally Beauty Holdings in a report on Thursday, September 28th. KeyCorp restated a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Sally Beauty Holdings presently has a consensus rating of “Hold” and an average target price of $23.00.
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In related news, CEO Christian A. Brickman purchased 20,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the purchase, the chief executive officer now owns 182,543 shares of the company’s stock, valued at approximately $3,201,804.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christian A. Brickman purchased 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $17.90 per share, for a total transaction of $179,000.00. Following the purchase, the chief executive officer now directly owns 172,543 shares in the company, valued at approximately $3,088,519.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,250 shares of company stock worth $606,555 in the last 90 days. 0.97% of the stock is currently owned by company insiders.
Sally Beauty Holdings Profile
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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