Hancock Whitney Corp Has $428,000 Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Hancock Whitney Corp lessened its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,888 shares of the specialty retailer’s stock after selling 6,520 shares during the quarter. Hancock Whitney Corp’s holdings in Sally Beauty were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBH. Quadrant Capital Group LLC raised its position in shares of Sally Beauty by 168.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 2,829 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the 1st quarter worth approximately $64,000. Quest Partners LLC lifted its stake in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sally Beauty in the second quarter valued at approximately $117,000. Finally, Intech Investment Management LLC bought a new stake in shares of Sally Beauty during the second quarter worth $148,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Sally Beauty in a research note on Tuesday, August 13th. Piper Sandler decreased their price objective on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Sally Beauty Trading Down 2.1 %

Sally Beauty stock opened at $13.23 on Tuesday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 9.00 and a beta of 1.54. The firm has a 50-day moving average of $11.98 and a 200-day moving average of $11.44. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. Sally Beauty Holdings, Inc. has a one year low of $7.21 and a one year high of $13.94.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The company had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $931.77 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Sally Beauty Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

About Sally Beauty

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.