Schwab Charles Investment Management Inc. Has $9.37 Million Stake in Sally Beauty Holdings, Inc. (SBH)

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.

A number of analysts have recently weighed in on SBH shares. Morgan Stanley downgraded shares of Sally Beauty from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, November 8th. Robert W. Baird set a $24.00 price objective on shares of Sally Beauty and gave the stock a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Cowen reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Sally Beauty in a report on Thursday, September 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty in a report on Friday, November 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.55.

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.

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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.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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