Leith Wheeler Investment Counsel Ltd. raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,584 shares of the specialty retailer’s stock after purchasing an additional 3,170 shares during the quarter. Sally Beauty accounts for 2.0% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 24th biggest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Sally Beauty were worth $1,155,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sally Beauty by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 559 shares during the period. Flinton Capital Management LLC raised its stake in Sally Beauty by 86.8% during the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 3,696 shares during the period. GSA Capital Partners LLP acquired a new stake in Sally Beauty during the 3rd quarter valued at $197,000. Invictus RG acquired a new stake in Sally Beauty during the 3rd quarter valued at $202,000. Finally, M&T Bank Corp raised its stake in Sally Beauty by 0.6% during the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 65 shares during the period.

Several analysts have issued reports on the stock. Nomura cut their target price on shares of Sally Beauty from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, November 16th. Cowen set a $18.00 target price on shares of Sally Beauty and gave the company a “buy” rating in a research note on Thursday, November 16th. DA Davidson raised shares of Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, October 16th. BMO Capital Markets cut their target price on shares of Sally Beauty from $21.00 to $16.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 15th. Finally, Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.55.

In related news, Director Edward W. Rabin purchased 3,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $15.49 per share, with a total value of $58,087.50. Following the completion of the purchase, the director now owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.48% of the company’s stock.

Sally Beauty Holdings, Inc. (NYSE:SBH) traded down $0.25 during midday trading on Tuesday, hitting $17.99. 1,685,300 shares of the stock were exchanged, compared to its average volume of 1,758,700. Sally Beauty Holdings, Inc. has a 1-year low of $14.05 and a 1-year high of $26.47. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.42. The firm has a market capitalization of $2,290.00, a P/E ratio of 11.61, a PEG ratio of 1.68 and a beta of 0.65.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The company had revenue of $974.20 million during the quarter, compared to analyst estimates of $989.96 million. During the same period last year, the company posted $0.41 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. analysts anticipate that Sally Beauty Holdings, Inc. will post 1.93 EPS for the current fiscal year.

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About Sally Beauty

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 (NYSE:SBH)

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