American Century Companies Inc. Buys 21,259 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

American Century Companies Inc. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 11.1% 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 213,593 shares of the specialty retailer’s stock after buying an additional 21,259 shares during the period. American Century Companies Inc. owned approximately 0.21% of Sally Beauty worth $2,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its stake in Sally Beauty by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock worth $200,000 after buying an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,090 shares in the last quarter. Quarry LP grew its holdings in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the last quarter. DGS Capital Management LLC grew its holdings in shares of Sally Beauty by 6.0% during the 3rd quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,575 shares during the last quarter. Finally, KBC Group NV raised its position in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 2,764 shares during the period.

Wall Street Analysts Forecast Growth

SBH has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. DA Davidson decreased their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group began coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Trading Down 6.9 %

NYSE SBH opened at $7.90 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $14.79. The stock has a market cap of $804.93 million, a P/E ratio of 4.73 and a beta of 1.35. The stock has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $11.30.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

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.