Sally Beauty Holdings, Inc. (NYSE:SBH) Position Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,894 shares of the specialty retailer’s stock after selling 2,407 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Sally Beauty worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of 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 acquiring an additional 1,401 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Sally Beauty by 168.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after acquiring an additional 2,829 shares in the last quarter. SG Americas Securities LLC bought a new position in Sally Beauty during the fourth quarter valued at about $136,000. Raymond James Trust N.A. bought a new position in Sally Beauty during the fourth quarter valued at about $143,000. Finally, Ballentine Partners LLC raised its holdings in Sally Beauty by 9.8% during the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 1,043 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SBH shares. TD Cowen cut their target price on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Piper Sandler cut their target price on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.00.

View Our Latest Research Report on SBH

Sally Beauty Trading Down 1.7 %

Shares of NYSE:SBH opened at $10.59 on Wednesday. The company has a market cap of $1.10 billion, a P/E ratio of 7.20 and a beta of 1.54. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $11.78. Sally Beauty Holdings, Inc. has a 52-week low of $7.21 and a 52-week high of $13.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99.

Sally Beauty (NYSE:SBHGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $908.36 million during the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. Equities research analysts predict 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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