109,155 Shares in Sally Beauty Holdings Inc. (SBH) Acquired by Bank of Montreal Can
Bank of Montreal Can bought a new stake in Sally Beauty Holdings Inc. (NYSE:SBH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 109,155 shares of the company’s stock, valued at approximately $3,211,000.
Several other institutional investors also recently bought and sold shares of SBH. Chevy Chase Trust Holdings Inc. acquired a new position in Sally Beauty Holdings during the second quarter valued at $205,000. Meeder Asset Management Inc. boosted its position in Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock valued at $229,000 after buying an additional 2,223 shares during the period. Raymond James Trust N.A. boosted its position in Sally Beauty Holdings by 9.9% in the second quarter. Raymond James Trust N.A. now owns 8,446 shares of the company’s stock valued at $249,000 after buying an additional 760 shares during the period. Invictus RG acquired a new position in Sally Beauty Holdings during the first quarter valued at $305,000. Finally, Creative Planning boosted its position in Sally Beauty Holdings by 6.3% in the second quarter. Creative Planning now owns 10,826 shares of the company’s stock valued at $318,000 after buying an additional 640 shares during the period.
Shares of Sally Beauty Holdings Inc. (NYSE:SBH) traded up 0.19% on Friday, reaching $26.00. The company’s stock had a trading volume of 1,600,504 shares. Sally Beauty Holdings Inc. has a 52-week low of $21.94 and a 52-week high of $32.93. The stock has a market cap of $3.79 billion, a P/E ratio of 17.34 and a beta of 0.81. The firm’s 50 day moving average is $26.69 and its 200-day moving average is $28.80.
Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. Sally Beauty Holdings had a negative return on equity of 81.78% and a net margin of 5.75%. The company had revenue of $998 million for the quarter, compared to analyst estimates of $1,000 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Sally Beauty Holdings Inc. will post $1.71 EPS for the current year.
Several research firms have recently weighed in on SBH. B. Riley reiterated a “neutral” rating and set a $30.00 price objective on shares of Sally Beauty Holdings in a report on Sunday, August 14th. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. KeyCorp reiterated a “buy” rating on shares of Sally Beauty Holdings in a report on Monday, June 20th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of Sally Beauty Holdings in a report on Thursday, September 15th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $28.00 price objective (down previously from $30.00) on shares of Sally Beauty Holdings in a report on Monday, August 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.38.
In other news, insider Mark Gregory Spinks sold 6,492 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $26.37, for a total value of $171,194.04. Following the transaction, the insider now owns 7,530 shares in the company, valued at $198,566.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by insiders.
Sally Beauty Holdings Company Profile
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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