Sally Beauty Holdings Inc. (SBH) Shares Bought by Cooke & Bieler LP
Cooke & Bieler LP raised its stake in Sally Beauty Holdings Inc. (NYSE:SBH) by 48.3% during the second quarter, Holdings Channel reports. The firm owned 1,214,399 shares of the company’s stock after buying an additional 395,266 shares during the period. Cooke & Bieler LP’s holdings in Sally Beauty Holdings were worth $35,715,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also 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 about $205,000. Meeder Asset Management Inc. raised 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 worth $229,000 after buying an additional 2,223 shares in the last quarter. Raymond James Trust N.A. raised 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 worth $249,000 after buying an additional 760 shares in the last quarter. Invictus RG purchased a new position in Sally Beauty Holdings during the first quarter worth approximately $305,000. Finally, Creative Planning raised 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 worth $318,000 after buying an additional 640 shares in the last quarter.
Sally Beauty Holdings Inc. (NYSE:SBH) traded down 0.04% during midday trading on Monday, hitting $25.99. 1,029,119 shares of the company traded hands. The firm has a market capitalization of $3.79 billion, a PE ratio of 17.34 and a beta of 0.81. Sally Beauty Holdings Inc. has a 12-month low of $21.94 and a 12-month high of $32.93. The stock’s 50-day moving average is $26.69 and its 200-day moving average is $28.80.
Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 4th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Sally Beauty Holdings had a net margin of 5.75% and a negative return on equity of 81.78%. The firm earned $998 million during the quarter, compared to the consensus estimate of $1,000 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Sally Beauty Holdings Inc. will post $1.71 EPS for the current fiscal year.
SBH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 12th. B. Riley reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Sally Beauty Holdings in a research note on Thursday, September 15th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Sally Beauty Holdings in a research note on Friday, September 30th. Finally, Cowen and Company set a $29.00 price objective on shares of Sally Beauty Holdings and gave the stock a “buy” rating in a research note on Thursday, September 29th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently 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 stock in a transaction on Monday, August 8th. The shares were sold at an average price of $26.37, for a total transaction of $171,194.04. Following the completion of the sale, the insider now owns 7,530 shares of the company’s stock, valued at $198,566.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.
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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