Fisher Asset Management LLC Has $35.86 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,700,386 shares of the specialty retailer’s stock after selling 454,351 shares during the quarter. Fisher Asset Management LLC owned about 2.57% of Sally Beauty worth $35,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Sally Beauty by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock valued at $783,000 after purchasing an additional 814 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Sally Beauty by 9.8% in the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 1,043 shares during the period. CWM LLC boosted its stake in shares of Sally Beauty by 107.9% in the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 1,401 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Sally Beauty by 4.9% in the third quarter. Rafferty Asset Management LLC now owns 48,643 shares of the specialty retailer’s stock valued at $408,000 after buying an additional 2,290 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in shares of Sally Beauty by 6.8% in the third quarter. WINTON GROUP Ltd now owns 35,979 shares of the specialty retailer’s stock valued at $302,000 after buying an additional 2,290 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SBH shares. TD Cowen cut their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Piper Sandler cut their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.00.

Sally Beauty Stock Up 0.3 %

NYSE SBH opened at $10.41 on Tuesday. The business has a fifty day moving average price of $11.03 and a two-hundred day moving average price of $11.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The stock has a market capitalization of $1.08 billion, a PE ratio of 7.08 and a beta of 1.49.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business had revenue of $908.36 million for the quarter, compared to the consensus estimate of $910.72 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current fiscal year.

Sally Beauty Profile

Sally Beauty Holdings, Inc 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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.