Texas Permanent School Fund grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,621 shares of the specialty retailer’s stock after purchasing an additional 3,028 shares during the period. Texas Permanent School Fund’s holdings in Sally Beauty were worth $1,340,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Sally Beauty by 1,585.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 766,117 shares during the last quarter. Strs Ohio acquired a new position in Sally Beauty during the fourth quarter valued at $83,000. Dupont Capital Management Corp acquired a new position in Sally Beauty during the fourth quarter valued at $132,000. BlueMountain Capital Management LLC raised its position in Sally Beauty by 42.3% during the third quarter. BlueMountain Capital Management LLC now owns 9,382 shares of the specialty retailer’s stock valued at $173,000 after buying an additional 2,790 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in Sally Beauty during the third quarter valued at $191,000.
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Several research analysts recently weighed in on SBH shares. Zacks Investment Research raised Sally Beauty from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, November 19th. ValuEngine raised Sally Beauty from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BMO Capital Markets set a $22.00 price target on Sally Beauty and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Wells Fargo & Co set a $18.00 price target on Sally Beauty and gave the company a “hold” rating in a research report on Tuesday, February 5th. Seven investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $17.56.
In other news, Director Edward W. Rabin bought 4,500 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $17.65 per share, with a total value of $79,425.00. Following the transaction, the director now directly owns 19,732 shares in the company, valued at approximately $348,269.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aaron E. Alt bought 2,700 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was purchased at an average cost of $18.66 per share, for a total transaction of $50,382.00. Following the completion of the transaction, the chief financial officer now owns 91,091 shares in the company, valued at $1,699,758.06. The disclosure for this purchase can be found here. Corporate insiders own 1.04% of the company’s stock.
Shares of SBH stock opened at $18.28 on Thursday. Sally Beauty Holdings, Inc. has a fifty-two week low of $13.72 and a fifty-two week high of $23.61. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.08 and a beta of 0.42.
Sally Beauty (NYSE:SBH) last issued its earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The company had revenue of $989.45 million for the quarter, compared to analyst estimates of $992.83 million. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 2.22 earnings per share for the current year.
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Sally Beauty Profile
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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