XTX Topco Ltd Sells 1,392 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

XTX Topco Ltd trimmed its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,185 shares of the specialty retailer’s stock after selling 1,392 shares during the quarter. XTX Topco Ltd’s holdings in Sally Beauty were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SBH. Franklin Resources Inc. boosted its stake in Sally Beauty by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer’s stock valued at $783,000 after buying an additional 814 shares in the last quarter. Allianz Asset Management GmbH raised its position in Sally Beauty by 328.6% in the 4th quarter. Allianz Asset Management GmbH now owns 241,863 shares of the specialty retailer’s stock valued at $3,212,000 after purchasing an additional 185,433 shares during the last quarter. Schroder Investment Management Group boosted its stake in Sally Beauty by 53.6% in the fourth quarter. Schroder Investment Management Group now owns 5,532,978 shares of the specialty retailer’s stock worth $73,478,000 after purchasing an additional 1,931,188 shares in the last quarter. CastleKnight Management LP grew its holdings in shares of Sally Beauty by 189.4% during the fourth quarter. CastleKnight Management LP now owns 163,050 shares of the specialty retailer’s stock worth $2,165,000 after purchasing an additional 106,700 shares during the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in shares of Sally Beauty in the fourth quarter valued at $8,258,000.

Wall Street Analyst Weigh In

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

Sally Beauty Stock Up 0.6 %

NYSE:SBH opened at $13.42 on Monday. The stock’s fifty day simple moving average is $12.12 and its 200-day simple moving average is $11.48. The firm has a market capitalization of $1.39 billion, a P/E ratio of 9.13 and a beta of 1.54. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.94.

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