Principal Financial Group Inc. Has $5.06 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Principal Financial Group Inc. grew its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 560,363 shares of the specialty retailer’s stock after purchasing an additional 14,513 shares during the period. Principal Financial Group Inc. owned approximately 0.55% of Sally Beauty worth $5,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Corient Private Wealth LLC increased its stake in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock valued at $200,000 after purchasing an additional 1,069 shares during the last quarter. PNC Financial Services Group Inc. increased 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 during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Sally Beauty by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer’s stock valued at $656,000 after purchasing an additional 1,323 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Sally Beauty by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 2,012 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average target price of $12.63.

Sally Beauty Trading Up 2.5%

Shares of SBH stock opened at $9.87 on Thursday. The firm has a market capitalization of $996.09 million, a P/E ratio of 5.55 and a beta of 1.26. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $9.16 and its 200 day simple moving average is $9.31.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The business had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the previous year, the company posted $0.35 EPS. Sally Beauty’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.