Bbva Compass Bancshares Inc. lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 34,190 shares of the specialty retailer’s stock after selling 1,061 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Sally Beauty Holdings were worth $692,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its stake in Sally Beauty Holdings by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 88,439 shares of the specialty retailer’s stock worth $1,790,000 after buying an additional 2,886 shares in the last quarter. ING Groep NV bought a new stake in shares of Sally Beauty Holdings during the second quarter valued at approximately $339,000. US Bancorp DE raised its stake in shares of Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares in the last quarter. Aperio Group LLC raised its stake in shares of Sally Beauty Holdings by 161.4% in the second quarter. Aperio Group LLC now owns 131,064 shares of the specialty retailer’s stock valued at $2,654,000 after buying an additional 80,932 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Sally Beauty Holdings by 15.2% in the second quarter. LS Investment Advisors LLC now owns 11,288 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 1,490 shares in the last quarter.

Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 20.80 on Friday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 12.90 and a beta of 0.65. The firm has a 50-day moving average price of $19.73 and a 200-day moving average price of $20.55. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company posted $0.47 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that Sally Beauty Holdings, Inc. will post $1.80 earnings per share for the current fiscal year.

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SBH has been the topic of several recent analyst reports. Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. ValuEngine lowered Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC initiated coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They issued a “hold” rating on the stock. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, DA Davidson initiated coverage on Sally Beauty Holdings in a research note on Thursday, July 6th. They issued a “neutral” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Sally Beauty Holdings currently has a consensus rating of “Hold” and a consensus target price of $25.44.

In other Sally Beauty Holdings news, Director Edward W. Rabin purchased 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were bought at an average price of $17.72 per share, for a total transaction of $62,020.00. Following the purchase, the director now owns 14,153 shares in the company, valued at approximately $250,791.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christian A. Brickman purchased 10,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the purchase, the chief executive officer now owns 142,543 shares in the company, valued at approximately $2,833,754.84. The disclosure for this purchase can be found here. In the last quarter, insiders bought 61,750 shares of company stock worth $1,130,860. Corporate insiders own 0.97% of the company’s stock.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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Institutional Ownership by Quarter for Sally Beauty Holdings (NYSE:SBH)

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