Wells Fargo & Company MN Grows Stake in Sally Beauty Holdings, Inc. (SBH)

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Wells Fargo & Company MN raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 36.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 761,155 shares of the specialty retailer’s stock after acquiring an additional 202,471 shares during the period. Wells Fargo & Company MN owned about 0.62% of Sally Beauty worth $12,202,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Atlanta Capital Management Co. L L C grew its holdings in shares of Sally Beauty by 0.3% during the first quarter. Atlanta Capital Management Co. L L C now owns 13,107,987 shares of the specialty retailer’s stock worth $215,626,000 after purchasing an additional 39,726 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sally Beauty by 1.6% during the first quarter. BlackRock Inc. now owns 10,885,753 shares of the specialty retailer’s stock worth $179,071,000 after purchasing an additional 175,781 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Sally Beauty by 3.6% during the first quarter. Champlain Investment Partners LLC now owns 3,860,690 shares of the specialty retailer’s stock worth $63,508,000 after purchasing an additional 135,555 shares during the last quarter. LSV Asset Management grew its holdings in shares of Sally Beauty by 26.1% during the first quarter. LSV Asset Management now owns 2,821,500 shares of the specialty retailer’s stock worth $46,413,000 after purchasing an additional 583,984 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Sally Beauty by 15.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,924 shares of the specialty retailer’s stock worth $43,278,000 after purchasing an additional 343,961 shares during the last quarter.

Several analysts have recently commented on SBH shares. Zacks Investment Research upgraded Sally Beauty from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Morgan Stanley decreased their target price on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 6th. Cowen restated a “market perform” rating on shares of Sally Beauty in a report on Wednesday, June 20th. They noted that the move was a valuation call. beau cut Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $15.00 in a report on Tuesday, July 17th. Finally, Bank of America cut Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $15.00 in a report on Monday, July 16th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.73.

Shares of SBH opened at $15.94 on Thursday. The company has a current ratio of 2.12, a quick ratio of 0.39 and a debt-to-equity ratio of -5.42. Sally Beauty Holdings, Inc. has a 12-month low of $13.72 and a 12-month high of $20.62. The firm has a market cap of $1.85 billion, a PE ratio of 8.86, a PEG ratio of 1.28 and a beta of 0.20.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The business had revenue of $996.28 million for the quarter, compared to analyst estimates of $995.30 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.12 EPS for the current fiscal year.

In related news, CFO Aaron E. Alt bought 4,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were purchased at an average price of $14.07 per share, with a total value of $56,280.00. Following the completion of the purchase, the chief financial officer now owns 69,619 shares of the company’s stock, valued at approximately $979,539.33. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christian A. Brickman bought 16,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was bought at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the purchase, the chief executive officer now directly owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The disclosure for this purchase can be found here. Corporate insiders own 0.97% of the company’s stock.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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

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