ST Germain D J Co. Inc. lowered its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 351,698 shares of the specialty retailer’s stock after selling 430,336 shares during the period. ST Germain D J Co. Inc. owned about 0.29% of Sally Beauty worth $5,996,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. FMR LLC increased its stake in shares of Sally Beauty by 17.9% during the second quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after purchasing an additional 2,287,521 shares in the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Sally Beauty during the fourth quarter worth about $31,597,000. Northern Trust Corp increased its stake in shares of Sally Beauty by 65.1% during the second quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after purchasing an additional 783,382 shares in the last quarter. Goodman Financial Corp purchased a new stake in shares of Sally Beauty during the fourth quarter worth about $6,162,000. Finally, LSV Asset Management increased its stake in shares of Sally Beauty by 7.4% during the fourth quarter. LSV Asset Management now owns 3,204,845 shares of the specialty retailer’s stock worth $54,642,000 after purchasing an additional 221,700 shares in the last quarter.
In other news, CFO Aaron E. Alt purchased 2,400 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $20.75 per share, with a total value of $49,800.00. Following the purchase, the chief financial officer now directly owns 88,391 shares in the company, valued at approximately $1,834,113.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Edward W. Rabin purchased 4,500 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was purchased at an average cost of $17.65 per share, with a total value of $79,425.00. Following the purchase, the director now owns 19,732 shares in the company, valued at $348,269.80. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by corporate insiders.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Sally Beauty had a net margin of 6.12% and a negative return on equity of 96.26%. The company had revenue of $989.45 million during the quarter, compared to analysts’ expectations of $992.83 million. During the same quarter in the prior year, the company earned $0.51 EPS. Sally Beauty’s revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.
A number of analysts have recently commented on the stock. Wells Fargo & Co set a $18.00 target price on shares of Sally Beauty and gave the stock a “hold” rating in a research note on Tuesday, February 5th. ValuEngine raised shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Citigroup started coverage on shares of Sally Beauty in a research note on Thursday, December 20th. They set an “underweight” rating for the company. Finally, BMO Capital Markets set a $22.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research note on Monday, November 19th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Sally Beauty presently has a consensus rating of “Hold” and a consensus price target of $17.56.
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Sally Beauty Company Profile
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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