Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,190 shares of the specialty retailer’s stock after selling 2,200 shares during the period. New York State Teachers Retirement System’s holdings in Sally Beauty were worth $821,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Sally Beauty by 1.2% in the 2nd quarter. State Street Corp now owns 4,043,481 shares of the specialty retailer’s stock valued at $48,198,000 after purchasing an additional 48,804 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Sally Beauty by 18.4% in the second quarter. Principal Financial Group Inc. now owns 3,590,146 shares of the specialty retailer’s stock worth $42,794,000 after acquiring an additional 558,630 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sally Beauty by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,544,961 shares of the specialty retailer’s stock worth $39,779,000 after acquiring an additional 14,113 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sally Beauty by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,529,120 shares of the specialty retailer’s stock worth $23,900,000 after purchasing an additional 8,096 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Sally Beauty by 14.7% during the second quarter. Goldman Sachs Group Inc. now owns 830,879 shares of the specialty retailer’s stock worth $9,904,000 after purchasing an additional 106,185 shares during the period.

Sally Beauty Trading Down 1.4 %

Shares of Sally Beauty stock opened at $14.45 on Friday. The business has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $13.20. Sally Beauty Holdings, Inc. has a 1 year low of $10.95 and a 1 year high of $19.08. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 8.76 and a beta of 1.19. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.70 and a quick ratio of 0.29.

Sally Beauty (NYSE:SBHGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 83.29% and a net margin of 4.81%. The firm had revenue of $962.46 million for the quarter, compared to analysts’ expectations of $943.88 million. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SBH. DA Davidson reduced their target price on shares of Sally Beauty from $14.50 to $11.50 and set a “neutral” rating for the company in a research note on Monday, November 14th. Piper Sandler assumed coverage on shares of Sally Beauty in a research report on Thursday, December 15th. They set an “overweight” rating and a $15.00 target price on the stock. Morgan Stanley dropped their target price on shares of Sally Beauty to $10.00 in a research report on Wednesday, November 16th. Finally, StockNews.com lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and an average price target of $14.10.

Sally Beauty 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 (SBS) and Beauty Systems Group (BSG). The SBS segment offers beauty products, including hair color and care products, styling tools, skin and nail care products, cosmetics, and other beauty products for retail customers and salon professionals through retail stores and digital platforms.

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

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