281,898 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Bought by Raymond James & Associates

Raymond James & Associates bought a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) in the fourth quarter, Holdings Channel.com reports. The firm bought 281,898 shares of the specialty retailer’s stock, valued at approximately $3,744,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBH. Royal Bank of Canada raised its stake in Sally Beauty by 143.5% in the 3rd quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 1,289 shares during the last quarter. US Bancorp DE raised its stake in Sally Beauty by 126.7% in the 2nd quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 1,311 shares during the last quarter. State of Wyoming purchased a new position in Sally Beauty in the 4th quarter worth $32,000. Tower Research Capital LLC TRC raised its stake in Sally Beauty by 30.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 1,208 shares during the last quarter. Finally, UBS Group AG raised its stake in Sally Beauty by 101.2% in the 1st quarter. UBS Group AG now owns 5,008 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 423,610 shares during the last quarter.

Sally Beauty Price Performance

Shares of SBH opened at $10.91 on Friday. The business’s 50-day moving average is $12.35 and its two-hundred day moving average is $11.07. The company has a market capitalization of $1.14 billion, a P/E ratio of 6.95 and a beta of 1.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $14.64.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $931.30 million for the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. Research analysts predict that Sally Beauty Holdings, Inc. will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler cut their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th.

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.