Louisiana State Employees Retirement System Has $673,000 Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Louisiana State Employees Retirement System lowered its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,600 shares of the specialty retailer’s stock after selling 2,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Sally Beauty were worth $673,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SBH. Empowered Funds LLC grew its position in Sally Beauty by 8.2% during the 1st quarter. Empowered Funds LLC now owns 292,836 shares of the specialty retailer’s stock worth $3,637,000 after acquiring an additional 22,159 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Sally Beauty by 6.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 64,575 shares of the specialty retailer’s stock worth $802,000 after acquiring an additional 3,800 shares during the last quarter. Sei Investments Co. grew its position in Sally Beauty by 9.1% during the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock worth $2,441,000 after acquiring an additional 16,314 shares during the last quarter. Russell Investments Group Ltd. grew its position in Sally Beauty by 51.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,181 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 16,120 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Sally Beauty by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer’s stock worth $268,000 after acquiring an additional 1,426 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler reduced their price objective on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $12.00 price target 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 given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Sally Beauty Trading Down 1.5 %

NYSE SBH opened at $12.92 on Tuesday. The business has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $11.73. Sally Beauty Holdings, Inc. has a one year low of $8.12 and a one year high of $13.94. The stock has a market capitalization of $1.33 billion, a P/E ratio of 9.43 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.

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