Exchange Traded Concepts LLC Sells 10,353 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Exchange Traded Concepts LLC trimmed its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,867 shares of the specialty retailer’s stock after selling 10,353 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Sally Beauty were worth $310,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Sally Beauty by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock valued at $183,057,000 after buying an additional 52,343 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of Sally Beauty by 4.3% during the 1st quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 1,810 shares during the period. Diversified Trust Co grew its holdings in shares of Sally Beauty by 25.1% during the 1st quarter. Diversified Trust Co now owns 33,050 shares of the specialty retailer’s stock worth $410,000 after purchasing an additional 6,625 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Sally Beauty by 16.8% in the first quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock worth $46,339,000 after purchasing an additional 535,753 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Sally Beauty by 4.9% in the first quarter. Principal Financial Group Inc. now owns 1,436,185 shares of the specialty retailer’s stock valued at $17,837,000 after purchasing an additional 67,563 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler decreased their target price 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 shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of Sally Beauty in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.00.

Sally Beauty Price Performance

SBH stock opened at $12.61 on Friday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. The company has a 50 day simple moving average of $12.82 and a 200 day simple moving average of $11.58. Sally Beauty Holdings, Inc. has a 1 year low of $7.69 and a 1 year high of $13.94.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. Sally Beauty’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS 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.