Principal Financial Group Inc. Boosts Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Principal Financial Group Inc. lifted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,852 shares of the specialty retailer’s stock after buying an additional 19,153 shares during the period. Principal Financial Group Inc. owned approximately 0.52% of Sally Beauty worth $7,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Sally Beauty by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer’s stock valued at $10,574,000 after buying an additional 9,924 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Sally Beauty by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,686 shares of the specialty retailer’s stock worth $222,000 after purchasing an additional 3,158 shares during the period. Rhumbline Advisers boosted its position in Sally Beauty by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 334,459 shares of the specialty retailer’s stock valued at $3,589,000 after acquiring an additional 14,046 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Sally Beauty by 120.7% in the second quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock worth $1,079,000 after purchasing an additional 55,000 shares during the period. Finally, Privium Fund Management UK Ltd bought a new position in shares of Sally Beauty in the 2nd quarter worth about $991,000.

Sally Beauty Price Performance

SBH opened at $10.45 on Wednesday. The company’s 50-day simple moving average is $12.79 and its two-hundred day simple moving average is $12.20. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a market capitalization of $1.06 billion, a P/E ratio of 7.26 and a beta of 1.51. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.79.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson raised their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price target on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares in the company, valued at $614,825.19. The trade was a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

About Sally Beauty

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.