Maryland State Retirement & Pension System Reduces Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Maryland State Retirement & Pension System cut its holdings in Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,794 shares of the specialty retailer’s stock after selling 1,374 shares during the period. Maryland State Retirement & Pension System’s holdings in Sally Beauty were worth $469,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SBH. Franklin Resources Inc. lifted its stake in shares of Sally Beauty by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock worth $783,000 after purchasing an additional 814 shares during the period. Ballentine Partners LLC lifted its position in Sally Beauty by 9.8% during the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock worth $156,000 after buying an additional 1,043 shares during the period. CWM LLC lifted its position in Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after buying an additional 1,401 shares during the period. DGS Capital Management LLC boosted its stake in Sally Beauty by 4.3% in the 1st quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after buying an additional 1,810 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Sally Beauty by 168.6% in the 4th quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 2,829 shares during the period.

Analysts Set New Price Targets

SBH has been the topic of several research analyst reports. 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. TD Cowen lowered 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Read Our Latest Report on Sally Beauty

Sally Beauty Stock Down 2.5 %

SBH opened at $10.81 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $13.91. The firm has a 50 day moving average price of $11.00 and a 200 day moving average price of $11.82. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99. The company has a market cap of $1.12 billion, a PE ratio of 7.35 and a beta of 1.54.

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

Sally Beauty Company Profile

(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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