9,900 Shares in Sally Beauty Holdings, Inc. (SBH) Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,900 shares of the specialty retailer’s stock, valued at approximately $185,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. M&T Bank Corp raised its holdings in Sally Beauty by 0.6% in the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares during the period. Scotia Capital Inc. raised its holdings in Sally Beauty by 0.9% in the 2nd quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock worth $457,000 after purchasing an additional 200 shares during the period. Alliancebernstein L.P. raised its holdings in Sally Beauty by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock worth $1,788,000 after purchasing an additional 490 shares during the period. Stifel Financial Corp raised its holdings in Sally Beauty by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 39,693 shares of the specialty retailer’s stock worth $778,000 after purchasing an additional 3,144 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. increased its stake in Sally Beauty by 5.4% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,584 shares of the specialty retailer’s stock worth $1,155,000 after buying an additional 3,170 shares in the last quarter.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) opened at $16.61 on Friday. 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 stock has a market capitalization of $1,958.64, a P/E ratio of 10.72, a PEG ratio of 1.47 and a beta of 0.42. Sally Beauty Holdings, Inc. has a 52-week low of $14.05 and a 52-week high of $23.84.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.26. The business had revenue of $994.96 million during the quarter, compared to analyst estimates of $990.18 million. Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Several equities research analysts have commented on SBH shares. ValuEngine lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. DA Davidson upgraded Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, October 16th. Zacks Investment Research lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. BMO Capital Markets cut their price objective on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Sally Beauty in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Sally Beauty currently has an average rating of “Hold” and an average price target of $18.36.

In related news, Director Edward W. Rabin purchased 3,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the transaction, the director now directly owns 14,351 shares of the company’s stock, valued at $222,296.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.

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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.

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

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