Schroder Investment Management Group Raises Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Schroder Investment Management Group boosted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) by 53.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,532,978 shares of the specialty retailer’s stock after purchasing an additional 1,931,188 shares during the quarter. Schroder Investment Management Group owned about 5.28% of Sally Beauty worth $73,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Sally Beauty by 75.3% during the 3rd quarter. Barclays PLC now owns 74,699 shares of the specialty retailer’s stock valued at $626,000 after acquiring an additional 32,076 shares during the period. New York State Common Retirement Fund raised its position in shares of Sally Beauty by 23.6% in the 3rd quarter. New York State Common Retirement Fund now owns 447,523 shares of the specialty retailer’s stock worth $3,750,000 after buying an additional 85,379 shares during the period. Swiss National Bank lifted its stake in shares of Sally Beauty by 1.2% in the 3rd quarter. Swiss National Bank now owns 236,500 shares of the specialty retailer’s stock valued at $1,982,000 after purchasing an additional 2,800 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Sally Beauty by 0.5% in the third quarter. Gabelli Funds LLC now owns 595,000 shares of the specialty retailer’s stock worth $4,986,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Sally Beauty by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,111,258 shares of the specialty retailer’s stock valued at $17,692,000 after purchasing an additional 156,543 shares in the last quarter.

Sally Beauty Stock Performance

Shares of Sally Beauty stock traded down $0.52 during trading on Friday, reaching $11.39. The company’s stock had a trading volume of 963,233 shares, compared to its average volume of 1,241,454. The business’s fifty day moving average price is $11.09 and its 200-day moving average price is $11.83. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.91. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 7.75 and a beta of 1.49. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99.

Sally Beauty (NYSE:SBHGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $908.36 million for the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen dropped their price objective on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Piper Sandler lowered their price target on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Check Out Our Latest Stock Report on SBH

Sally Beauty Company Profile

(Free Report)

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.

See Also

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

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