Posted by admin on Aug 16th, 2022

Russell Investments Group Ltd. boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 68.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,178 shares of the specialty retailer’s stock after acquiring an additional 58,622 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Sally Beauty worth $2,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Schroder Investment Management Group bought a new stake in Sally Beauty in the fourth quarter valued at approximately $1,971,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sally Beauty by 17.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the specialty retailer’s stock worth $95,000 after acquiring an additional 900 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in Sally Beauty by 41.9% during the 4th quarter. Invenomic Capital Management LP now owns 132,743 shares of the specialty retailer’s stock valued at $2,451,000 after acquiring an additional 39,221 shares during the period. Inspire Investing LLC purchased a new position in shares of Sally Beauty during the first quarter valued at about $239,000. Finally, Qube Research & Technologies Ltd boosted its position in Sally Beauty by 29.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 19,392 shares of the specialty retailer’s stock valued at $358,000 after acquiring an additional 4,426 shares in the last quarter.

SBH opened at $15.38 on Tuesday. Sally Beauty Holdings, Inc. has a 12-month low of $11.28 and a 12-month high of $21.86. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 7.54 and a beta of 1.38. The company has a current ratio of 1.60, a quick ratio of 0.29 and a debt-to-equity ratio of 3.66. The company’s 50 day moving average is $13.18 and its 200 day moving average is $15.05.

Sally Beauty (NYSE:SBH – Get Rating) last released its earnings results on Thursday, August 4th. The specialty retailer reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $961.47 million for the quarter, compared to the consensus estimate of $950.97 million. Sally Beauty had a return on equity of 90.85% and a net margin of 5.99%. Sally Beauty’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 2.17 EPS for the current year.

Several equities research analysts recently weighed in on SBH shares. Raymond James cut Sally Beauty from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 29th. TheStreet cut Sally Beauty from a “b-” rating to a “c+” rating in a research report on Thursday, June 23rd. Cowen lowered Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research report on Friday. Cowen downgraded shares of Sally Beauty from an “outperform” rating to a “market perform” rating and set a $17.00 target price on the stock. in a research note on Friday. Finally, Morgan Stanley decreased their price objective on shares of Sally Beauty from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Sally Beauty has a consensus rating of “Hold” and a consensus price target of $16.30.

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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