Sally Beauty Holdings, Inc. (SBH) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 109.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,322,076 shares of the specialty retailer’s stock after acquiring an additional 689,635 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.00% of Sally Beauty Holdings worth $26,772,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Sally Beauty Holdings by 227.6% in the 2nd quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 3,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sally Beauty Holdings by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after buying an additional 559 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Sally Beauty Holdings by 37.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after buying an additional 2,125 shares during the last quarter. M&T Bank Corp grew its stake in Sally Beauty Holdings by 0.6% during the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after buying an additional 65 shares during the last quarter. Finally, Creative Planning grew its stake in Sally Beauty Holdings by 7.6% during the 2nd quarter. Creative Planning now owns 10,959 shares of the specialty retailer’s stock worth $222,000 after buying an additional 773 shares during the last quarter.
Sally Beauty Holdings, Inc. (NYSE SBH) opened at 17.97 on Thursday. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17. The stock has a 50 day moving average price of $19.44 and a 200 day moving average price of $19.49. The company has a market cap of $2.38 billion, a PE ratio of 10.97 and a beta of 0.70.
Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.47 EPS. The business’s revenue was up .0% on a year-over-year basis. Equities analysts forecast that Sally Beauty Holdings, Inc. will post $1.82 earnings per share for the current year.
Sally Beauty Holdings announced that its board has approved a stock buyback plan on Thursday, August 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
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A number of research analysts recently commented on SBH shares. DA Davidson restated a “buy” rating and set a $23.00 price objective on shares of Sally Beauty Holdings in a research note on Monday, July 24th. Zacks Investment Research upgraded Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, July 18th. Cowen and Company restated a “buy” rating and set a $24.00 price objective on shares of Sally Beauty Holdings in a research note on Thursday, September 28th. BMO Capital Markets set a $21.00 price objective on Sally Beauty Holdings and gave the stock a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Sally Beauty Holdings has an average rating of “Hold” and an average target price of $23.67.
In other news, Director Edward W. Rabin bought 4,250 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $18.06 per share, with a total value of $76,755.00. Following the purchase, the director now owns 16,653 shares of the company’s stock, valued at $300,753.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christian A. Brickman bought 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now directly owns 182,543 shares in the company, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Insiders have purchased a total of 34,250 shares of company stock valued at $606,555 over the last ninety days. Insiders own 0.97% of the company’s stock.
Sally Beauty Holdings 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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