October 1, 2022

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Fashion groove

Diversified Trust Co Buys 1,950 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

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Diversified Trust Co boosted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,290 shares of the specialty retailer’s stock after purchasing an additional 1,950 shares during the quarter. Diversified Trust Co’s holdings in Sally Beauty were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC grew its position in Sally Beauty by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 37,233 shares of the specialty retailer’s stock valued at $687,000 after purchasing an additional 596 shares during the period. New York State Teachers Retirement System grew its position in Sally Beauty by 1.4% in the 4th quarter. New York State Teachers Retirement System now owns 71,506 shares of the specialty retailer’s stock valued at $1,320,000 after purchasing an additional 993 shares during the period. Huntington National Bank grew its position in Sally Beauty by 39.8% in the 4th quarter. Huntington National Bank now owns 3,768 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 1,072 shares during the period. Public Sector Pension Investment Board grew its position in Sally Beauty by 0.8% in the 4th quarter. Public Sector Pension Investment Board now owns 230,220 shares of the specialty retailer’s stock valued at $4,250,000 after purchasing an additional 1,820 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sally Beauty by 23.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,230 shares of the specialty retailer’s stock valued at $281,000 after purchasing an additional 2,857 shares during the period.

A number of equities analysts have issued reports on SBH shares. Morgan Stanley downgraded shares of Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $19.00 to $12.00 in a report on Thursday, June 16th. Cowen cut their price objective on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, June 13th. Cowen cut their price objective on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Finally, Oppenheimer downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.70.

Shares of NYSE:SBH opened at $12.18 on Friday. The company’s 50-day moving average is $14.51 and its 200 day moving average is $16.48. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. The company has a market capitalization of $1.30 billion, a P/E ratio of 5.37 and a beta of 1.34. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.39.

Sally Beauty (NYSE:SBHGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The company had revenue of $911.40 million during the quarter, compared to analysts’ expectations of $951.20 million. During the same period last year, the firm posted $0.57 earnings per share. Sally Beauty’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 2.3 earnings per share for the current year.

Sally Beauty Profile (Get Rating)

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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