TD Asset Management Inc. cut its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 41.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,700 shares of the specialty retailer’s stock after selling 47,900 shares during the period. TD Asset Management Inc. owned approximately 0.06% of Sally Beauty worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Sally Beauty by 9.8% in the 3rd quarter. FMR LLC now owns 16,553,796 shares of the specialty retailer’s stock worth $304,424,000 after acquiring an additional 1,478,733 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sally Beauty by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,863,736 shares of the specialty retailer’s stock worth $199,784,000 after acquiring an additional 50,875 shares in the last quarter. Vanguard Group Inc raised its position in shares of Sally Beauty by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 10,863,736 shares of the specialty retailer’s stock worth $199,784,000 after acquiring an additional 50,875 shares in the last quarter. LSV Asset Management raised its position in shares of Sally Beauty by 2.2% in the 3rd quarter. LSV Asset Management now owns 2,983,145 shares of the specialty retailer’s stock worth $54,860,000 after acquiring an additional 64,100 shares in the last quarter. Finally, Ardevora Asset Management LLP bought a new position in shares of Sally Beauty in the 4th quarter worth about $31,597,000.
In related news, CFO Aaron E. Alt acquired 2,700 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was purchased at an average cost of $18.66 per share, with a total value of $50,382.00. Following the acquisition, the chief financial officer now owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward W. Rabin bought 4,500 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was acquired at an average price of $17.65 per share, for a total transaction of $79,425.00. Following the purchase, the director now directly owns 19,732 shares in the company, valued at $348,269.80. The disclosure for this purchase can be found here. Insiders own 1.04% of the company’s stock.
Shares of Sally Beauty stock opened at $17.99 on Friday. Sally Beauty Holdings, Inc. has a one year low of $13.72 and a one year high of $23.61. The stock has a market capitalization of $2.15 billion, a P/E ratio of 8.05, a PEG ratio of 2.07 and a beta of 0.42.
Sally Beauty (NYSE:SBH) last issued its earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The business had revenue of $989.45 million during the quarter, compared to analyst estimates of $992.83 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.
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About Sally Beauty
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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