Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Creative Planning

Creative Planning boosted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,046 shares of the specialty retailer’s stock after acquiring an additional 3,349 shares during the quarter. Creative Planning’s holdings in Sally Beauty were worth $516,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC acquired a new stake in Sally Beauty in the 2nd quarter valued at $535,000. Lazard Asset Management LLC grew its stake in Sally Beauty by 303.7% in the 1st quarter. Lazard Asset Management LLC now owns 429,938 shares of the specialty retailer’s stock valued at $5,339,000 after acquiring an additional 323,438 shares during the period. Maverick Capital Ltd. grew its stake in Sally Beauty by 141.3% in the 2nd quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock valued at $2,816,000 after acquiring an additional 153,707 shares during the period. Wolverine Asset Management LLC grew its stake in Sally Beauty by 120.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock valued at $1,079,000 after acquiring an additional 55,000 shares during the period. Finally, Sei Investments Co. grew its stake in Sally Beauty by 9.1% in the 1st quarter. Sei Investments Co. now owns 196,569 shares of the specialty retailer’s stock valued at $2,441,000 after acquiring an additional 16,314 shares during the period.

Sally Beauty Trading Up 0.1 %

Shares of SBH opened at $12.93 on Wednesday. Sally Beauty Holdings, Inc. has a 52-week low of $8.12 and a 52-week high of $13.94. The company has a quick ratio of 0.40, a current ratio of 2.12 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average is $12.90 and its two-hundred day moving average is $11.74. The stock has a market cap of $1.33 billion, a PE ratio of 9.44 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its quarterly 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 for the quarter, compared to analyst estimates of $931.77 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.