Oppenheimer & Co. Inc. Grows Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Oppenheimer & Co. Inc. increased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,879 shares of the specialty retailer’s stock after buying an additional 1,963 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sally Beauty were worth $498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new stake in Sally Beauty during the 4th quarter worth $1,971,000. Nisa Investment Advisors LLC increased its position in shares of Sally Beauty by 17.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the specialty retailer’s stock worth $95,000 after purchasing an additional 900 shares during the last quarter. Invenomic Capital Management LP increased its position in shares of Sally Beauty by 41.9% in the 4th quarter. Invenomic Capital Management LP now owns 132,743 shares of the specialty retailer’s stock worth $2,451,000 after purchasing an additional 39,221 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Sally Beauty in the 1st quarter worth about $239,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Sally Beauty by 2.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 725,179 shares of the specialty retailer’s stock worth $13,387,000 after purchasing an additional 14,129 shares during the last quarter.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $14.65 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.60 and a debt-to-equity ratio of 3.66. The firm has a 50-day simple moving average of $13.70 and a 200 day simple moving average of $14.88. The company has a market cap of $1.57 billion, a PE ratio of 7.18 and a beta of 1.38. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.28 and a fifty-two week high of $21.86.

Sally Beauty (NYSE:SBHGet Rating) last posted its earnings results on Thursday, August 4th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $961.47 million for the quarter, compared to analyst estimates of $950.97 million. Sally Beauty had a net margin of 5.99% and a return on equity of 90.85%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. On average, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SBH. StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 target price for the company. in a research report on Friday, August 12th. DA Davidson dropped their target price on shares of Sally Beauty from $16.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, August 8th. TheStreet downgraded shares of Sally Beauty from a “b-” rating to a “c+” rating in a research report on Thursday, June 23rd. Finally, Raymond James downgraded shares of Sally Beauty from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Sally Beauty has an average rating of “Hold” and an average price target of $16.30.

Sally Beauty Company Profile

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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.

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

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