Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) by 62.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the specialty retailer’s stock after selling 3,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sally Beauty were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SBH. Polaris Capital Management LLC acquired a new position in Sally Beauty in the 1st quarter worth $45,611,000. New York State Common Retirement Fund increased its position in shares of Sally Beauty by 408.2% in the 1st quarter. New York State Common Retirement Fund now owns 412,710 shares of the specialty retailer’s stock worth $6,451,000 after purchasing an additional 331,496 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Sally Beauty by 79.3% in the 1st quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer’s stock worth $9,941,000 after purchasing an additional 281,243 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Sally Beauty by 6.7% in the 1st quarter. Principal Financial Group Inc. now owns 3,031,516 shares of the specialty retailer’s stock worth $47,383,000 after purchasing an additional 189,583 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Sally Beauty by 29.4% in the 1st quarter. Renaissance Technologies LLC now owns 604,500 shares of the specialty retailer’s stock worth $9,448,000 after purchasing an additional 137,400 shares during the last quarter.

Sally Beauty Price Performance

NYSE SBH opened at $13.34 on Friday. Sally Beauty Holdings, Inc. has a 52 week low of $11.28 and a 52 week high of $21.86. The company has a current ratio of 1.60, a quick ratio of 0.29 and a debt-to-equity ratio of 3.66. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 6.54 and a beta of 1.29. The company has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $13.68.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SBH shares. StockNews.com started coverage on shares of Sally Beauty in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 target price for the company. in a research report on Friday, August 12th. Morgan Stanley dropped their target price on shares of Sally Beauty from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Monday, August 8th. DA Davidson lowered their price objective on shares of Sally Beauty from $16.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, August 8th. Finally, Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price objective for the company. in a research report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.88.

About Sally Beauty

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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 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.

See Also

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

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