Schwab Charles Investment Management Inc. lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,622 shares of the specialty retailer’s stock after buying an additional 15,169 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.36% of Sally Beauty worth $9,372,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in shares of Sally Beauty during the second quarter worth approximately $179,760,000. Nordea Investment Management AB grew its position in shares of Sally Beauty by 1.9% during the third quarter. Nordea Investment Management AB now owns 6,169,915 shares of the specialty retailer’s stock worth $120,807,000 after buying an additional 112,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Sally Beauty by 10.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,666,809 shares of the specialty retailer’s stock worth $110,956,000 after buying an additional 518,520 shares in the last quarter. State Street Corp grew its position in shares of Sally Beauty by 0.4% during the second quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock worth $81,789,000 after buying an additional 14,768 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Sally Beauty by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,565,526 shares of the specialty retailer’s stock worth $50,233,000 after buying an additional 85,660 shares in the last quarter.
In other news, Director Edward W. Rabin purchased 3,750 shares of Sally Beauty stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the completion of the acquisition, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.
Sally Beauty Holdings, Inc. (NYSE:SBH) opened at $18.76 on Monday. The company has a market cap of $2,382.88, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.66. The company has a quick ratio of 0.42, a current ratio of 2.04 and a debt-to-equity ratio of -4.87. Sally Beauty Holdings, Inc. has a 1-year low of $14.05 and a 1-year high of $26.98.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The firm had revenue of $974.20 million for the quarter, compared to analyst estimates of $989.96 million. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was down .2% compared to the same quarter last year. equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.93 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.com-unik.info/2018/01/01/schwab-charles-investment-management-inc-has-9-37-million-stake-in-sally-beauty-holdings-inc-sbh.html.
Sally Beauty 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.
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).
What are top analysts saying about Sally Beauty? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sally Beauty and related companies.