Illinois Municipal Retirement Fund Lowers Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Illinois Municipal Retirement Fund lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,775 shares of the specialty retailer’s stock after selling 5,429 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sally Beauty were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBH. FMR LLC lifted its holdings in shares of Sally Beauty by 3.2% during the 3rd quarter. FMR LLC now owns 16,165,414 shares of the specialty retailer’s stock worth $135,466,000 after acquiring an additional 493,923 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sally Beauty by 6.0% during the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock worth $115,075,000 after purchasing an additional 780,329 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in Sally Beauty by 66.2% during the third quarter. Jupiter Asset Management Ltd. now owns 3,988,147 shares of the specialty retailer’s stock worth $33,421,000 after purchasing an additional 1,588,147 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Sally Beauty by 64.8% in the 3rd quarter. Schroder Investment Management Group now owns 3,601,790 shares of the specialty retailer’s stock worth $30,183,000 after purchasing an additional 1,416,485 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sally Beauty by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,111,258 shares of the specialty retailer’s stock valued at $17,692,000 after buying an additional 156,543 shares in the last quarter.

Sally Beauty Stock Performance

Shares of SBH stock opened at $10.98 on Tuesday. The company has a market capitalization of $1.15 billion, a P/E ratio of 6.99 and a beta of 1.46. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $11.32.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on SBH shares. DA Davidson upped their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. TD Cowen cut their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Finally, Piper Sandler decreased their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

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.