2 weeks Ago By Defense World Staff
Bank of Montreal Can decreased its holdings in shares of Sally Beauty Holdings, Inc. ( NYSE:SBH – Free Report ) by 92.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 29,243 shares of the specialty retailer’s stock after selling 351,416 shares during the period. Bank of Montreal Can’s holdings in Sally Beauty were worth $306,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company.
Charles Schwab Investment Management Inc. lifted its position in Sally Beauty by 2.3% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock valued at $27,228,000 after acquiring an additional 59,478 shares during the period. M&T Bank Corp boosted its holdings in shares of Sally Beauty by 127.
4% during the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer’s stock valued at $672,000 after acquiring an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc.
purchased a new stake in Sally Beauty in the fourth quarter worth approximately $3,177,000. Barclays PLC lifted its holdings in shares of Sally Beauty by 36.6% during the 3rd quarter.
Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after buying an additional 56,879 shares during the period. Finally, Amundi lifted its holdings in Sally Beauty by 1,215.4% in the fourth quarter.
Amundi now owns 237,700 shares of the specialty retailer’s stock valued at $2,555,000 after acquiring an additional 219,630 shares during the period. Wall Street Analysts Forecast Growth Several research firms recently weighed in on SBH. DA Davidson lowered their target price on Sally Beauty from $13.
00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. StockNews.
com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on Sally Beauty from $12.00 to $10.
00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.
00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.
70. Sally Beauty Trading Down 2.0 % Shares of SBH opened at $7.
93 on Thursday. The company has a market cap of $807.99 million, a P/E ratio of 4.
75 and a beta of 1.35. Sally Beauty Holdings, Inc.
has a twelve month low of $7.54 and a twelve month high of $14.79.
The company’s fifty day simple moving average is $8.77 and its 200-day simple moving average is $10.90.
The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.
43. Sally Beauty ( NYSE:SBH – Get Free Report ) last issued its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.
43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $937.
90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a return on equity of 30.
35% and a net margin of 4.73%. As a group, analysts expect that Sally Beauty Holdings, Inc.
will post 1.81 EPS for the current year. Sally Beauty 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. Featured Stories Five stocks we like better than Sally Beauty Investing In Preferred Stock vs.
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