Dimensional Fund Advisors LP Lowers Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Dimensional Fund Advisors LP lessened its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,037,125 shares of the specialty retailer’s stock after selling 125,741 shares during the quarter. Dimensional Fund Advisors LP owned about 1.94% of Sally Beauty worth $27,055,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. Raymond James & Associates acquired a new stake in shares of Sally Beauty during the fourth quarter worth about $3,744,000. Charles Schwab Investment Management Inc. lifted its position in shares of Sally Beauty by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,242,861 shares of the specialty retailer’s stock worth $29,785,000 after purchasing an additional 131,603 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sally Beauty by 20.7% during the third quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer’s stock worth $6,749,000 after purchasing an additional 137,976 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Sally Beauty by 18.0% during the third quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer’s stock worth $5,273,000 after purchasing an additional 96,169 shares in the last quarter.

Sally Beauty Stock Up 4.5 %

SBH stock opened at $12.18 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.37 and a debt-to-equity ratio of 1.78. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.91. The company’s 50 day moving average is $11.09 and its two-hundred day moving average is $11.77. The stock has a market cap of $1.26 billion, a P/E ratio of 8.29 and a beta of 1.49.

Sally Beauty (NYSE:SBHGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $908.36 million for the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SBH has been the topic of several analyst reports. Piper Sandler reduced their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, TD Cowen reduced their target price on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

Read Our Latest Research Report on Sally Beauty

About Sally Beauty

(Free Report)

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.

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

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