First Trust Advisors LP Has $4.08 Million Position in Sally Beauty Holdings, Inc. (SBH)

First Trust Advisors LP lifted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 108.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,589 shares of the specialty retailer’s stock after acquiring an additional 108,723 shares during the period. First Trust Advisors LP owned 0.16% of Sally Beauty Holdings worth $4,084,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SBH. US Bancorp DE lifted 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 lifted its holdings in shares of Sally Beauty Holdings by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after acquiring an additional 559 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sally Beauty Holdings by 37.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after acquiring an additional 2,125 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Sally Beauty Holdings by 86.8% in the 2nd quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after acquiring an additional 3,696 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Sally Beauty Holdings by 0.6% in the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 65 shares during the last quarter.

Several analysts have issued reports on the stock. BidaskClub raised shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $20.00 price target (down previously from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. BMO Capital Markets set a $21.00 price target on shares of Sally Beauty Holdings and gave the company a “hold” rating in a research note on Saturday, August 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 13th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $24.00 price target on shares of Sally Beauty Holdings in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Sally Beauty Holdings, Inc. (SBH) opened at $15.44 on Friday. The firm has a market cap of $1,983.04, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.66. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.43. Sally Beauty Holdings, Inc. has a 1 year low of $14.05 and a 1 year high of $27.71.

Sally Beauty Holdings (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 consensus estimate of $0.47 by ($0.02). The firm had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $989.96 million. Sally Beauty Holdings had a net margin of 5.46% and a negative return on equity of 74.84%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.92 EPS for the current year.

Sally Beauty Holdings announced that its board has initiated a share repurchase plan on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 40.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 20,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the completion of the transaction, the chief executive officer now owns 182,543 shares in the company, valued at approximately $3,201,804.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward W. Rabin bought 4,250 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $18.06 per share, with a total value of $76,755.00. Following the transaction, the director now owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The disclosure for this purchase can be found here. Company 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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Institutional Ownership by Quarter for Sally Beauty Holdings (NYSE:SBH)

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