Texas Permanent School Fund reduced its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,343 shares of the specialty retailer’s stock after selling 3,598 shares during the period. Texas Permanent School Fund’s holdings in Sally Beauty Holdings were worth $2,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SBH. BlackRock Inc. raised its position in shares of Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock valued at $233,521,000 after buying an additional 11,339,645 shares during the period. Nordea Investment Management AB raised its position in shares of Sally Beauty Holdings by 79.9% in the first quarter. Nordea Investment Management AB now owns 4,856,164 shares of the specialty retailer’s stock valued at $99,260,000 after buying an additional 2,156,191 shares during the period. Schroder Investment Management Group raised its position in shares of Sally Beauty Holdings by 426.8% in the first quarter. Schroder Investment Management Group now owns 1,559,315 shares of the specialty retailer’s stock valued at $31,732,000 after buying an additional 1,263,307 shares during the period. Cove Street Capital LLC bought a new position in shares of Sally Beauty Holdings during the first quarter valued at approximately $22,661,000. Finally, Morgan Stanley raised its position in shares of Sally Beauty Holdings by 152.9% in the first quarter. Morgan Stanley now owns 1,806,539 shares of the specialty retailer’s stock valued at $36,926,000 after buying an additional 1,092,202 shares during the period.

Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 20.10 on Friday. Sally Beauty Holdings, Inc. has a 52 week low of $17.26 and a 52 week high of $30.17. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.27 and a beta of 0.65. The company has a 50 day moving average of $20.00 and a 200 day moving average of $20.36.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data 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 net margin of 5.89% and a negative return on equity of 80.60%. The firm had revenue of $998.04 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts forecast that Sally Beauty Holdings, Inc. will post $1.82 EPS for the current fiscal year.

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Several research analysts have commented on SBH shares. ValuEngine lowered shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. BidaskClub upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. DA Davidson started coverage on shares of Sally Beauty Holdings in a report on Thursday, July 6th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a report on Friday, June 2nd. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.70.

In related news, CEO Christian A. Brickman acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average price of $17.61 per share, for a total transaction of $176,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 152,743 shares in the company, valued at approximately $2,689,804.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert R. Mcmaster acquired 5,500 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were bought at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the acquisition, the insider now owns 40,630 shares of the company’s stock, valued at $732,558.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 51,750 shares of company stock worth $932,060. 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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