Gamco Investors INC. ET AL reduced its stake in Sally Beauty Holdings (NYSE:SBH) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 904,242 shares of the specialty retailer’s stock after selling 33,700 shares during the period. Gamco Investors INC. ET AL’s holdings in Sally Beauty were worth $14,875,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Meadow Creek Investment Management LLC boosted its position in shares of Sally Beauty by 27.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 3,036 shares during the last quarter. ING Groep NV boosted its position in shares of Sally Beauty by 20.4% in the 4th quarter. ING Groep NV now owns 19,380 shares of the specialty retailer’s stock worth $364,000 after purchasing an additional 3,290 shares during the last quarter. Sei Investments Co. boosted its position in shares of Sally Beauty by 1.3% in the 4th quarter. Sei Investments Co. now owns 289,284 shares of the specialty retailer’s stock worth $5,427,000 after purchasing an additional 3,833 shares during the last quarter. Swiss National Bank boosted its position in shares of Sally Beauty by 2.0% in the 1st quarter. Swiss National Bank now owns 228,300 shares of the specialty retailer’s stock worth $3,756,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Sally Beauty by 176.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,524 shares of the specialty retailer’s stock worth $124,000 after purchasing an additional 4,805 shares during the last quarter.

In other news, Director Edward W. Rabin purchased 3,300 shares of the company’s stock in a transaction on Monday, May 7th. The shares were purchased at an average price of $14.48 per share, with a total value of $47,784.00. Following the purchase, the director now directly owns 14,351 shares of the company’s stock, valued at approximately $207,802.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aaron E. Alt purchased 3,500 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was purchased at an average cost of $15.10 per share, for a total transaction of $52,850.00. Following the purchase, the chief financial officer now directly owns 3,500 shares in the company, valued at $52,850. The disclosure for this purchase can be found here. Insiders acquired a total of 26,800 shares of company stock worth $392,834 in the last three months. Company insiders own 0.97% of the company’s stock.

Several research firms have recently issued reports on SBH. Morgan Stanley set a $14.00 price target on Sally Beauty and gave the stock a “sell” rating in a research report on Saturday, May 5th. Bank of America reduced their price target on Sally Beauty from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, May 4th. BMO Capital Markets set a $16.00 target price on Sally Beauty and gave the stock a “hold” rating in a report on Friday, May 4th. Robert W. Baird lowered Sally Beauty from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $17.00 in a report on Friday, May 4th. Finally, ValuEngine lowered Sally Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.90.

Sally Beauty opened at $15.50 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of -5.62, a quick ratio of 0.40 and a current ratio of 2.11. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. Sally Beauty Holdings has a 1-year low of $14.05 and a 1-year high of $21.36.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The business had revenue of $975.30 million for the quarter, compared to the consensus estimate of $975.33 million. Sally Beauty had a negative return on equity of 73.82% and a net margin of 6.26%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. analysts predict that Sally Beauty Holdings will post 2.25 earnings per share for the current year.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings (NYSE:SBH).

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

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.