Arizona State Retirement System grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,197 shares of the specialty retailer’s stock after acquiring an additional 1,120 shares during the period. Arizona State Retirement System’s holdings in Sally Beauty were worth $378,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of SBH. JPMorgan Chase & Co. grew its position in shares of Sally Beauty by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 157,951 shares of the specialty retailer’s stock valued at $2,469,000 after purchasing an additional 12,647 shares in the last quarter. Citigroup Inc. grew its position in shares of Sally Beauty by 1.6% in the first quarter. Citigroup Inc. now owns 106,919 shares of the specialty retailer’s stock valued at $1,672,000 after purchasing an additional 1,674 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Sally Beauty by 56.0% in the first quarter. MetLife Investment Management LLC now owns 60,680 shares of the specialty retailer’s stock valued at $948,000 after purchasing an additional 21,780 shares in the last quarter. Rhumbline Advisers grew its position in shares of Sally Beauty by 3.1% in the first quarter. Rhumbline Advisers now owns 282,423 shares of the specialty retailer’s stock valued at $4,414,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Sally Beauty by 11.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,896 shares of the specialty retailer’s stock valued at $1,483,000 after purchasing an additional 9,465 shares in the last quarter.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Sally Beauty from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, February 3rd. StockNews.com assumed coverage on Sally Beauty in a research note on Thursday. They issued a “buy” rating on the stock. Cowen upped their target price on Sally Beauty from $14.00 to $19.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. Finally, DA Davidson increased their price objective on Sally Beauty from $11.50 to $17.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $16.00.
Sally Beauty Trading Down 3.9 %
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $889.00 million. Sally Beauty had a return on equity of 62.12% and a net margin of 4.19%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.89 earnings per share for the current year.
Sally Beauty Company Profile
Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty supplies. It operates through the Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers domestic and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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