Universal Beteiligungs und Servicegesellschaft mbH Decreases Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,030 shares of the specialty retailer’s stock after selling 13,096 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Sally Beauty worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer’s stock worth $31,000 after buying an additional 1,735 shares during the period. Federated Hermes Inc. boosted its stake in shares of Sally Beauty by 119.1% during the fourth 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 period. Parallel Advisors LLC grew its holdings in shares of Sally Beauty by 536.4% in the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 3,304 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Sally Beauty by 820.3% in the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 4,200 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Sally Beauty by 123.7% in the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s stock worth $81,000 after buying an additional 4,948 shares during the period.

Wall Street Analysts Forecast Growth

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

Sally Beauty Price Performance

Shares of SBH stock opened at $9.70 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.44 and a current ratio of 2.32. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The firm has a market cap of $978.17 million, a P/E ratio of 5.45 and a beta of 1.26. The business’s 50 day moving average price is $9.37 and its 200-day moving average price is $9.25.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $883.15 million for the quarter, compared to analysts’ expectations of $901.00 million. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Sally Beauty Company Profile

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.