Mutual of America Capital Management LLC Sells 1,576 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Mutual of America Capital Management LLC trimmed its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,438 shares of the specialty retailer’s stock after selling 1,576 shares during the period. Mutual of America Capital Management LLC’s holdings in Sally Beauty were worth $209,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SBH. Marshall Wace LLP bought a new stake in shares of Sally Beauty during the 2nd quarter worth $11,796,000. Dimensional Fund Advisors LP boosted its holdings in shares of Sally Beauty by 34.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the period. Millennium Management LLC boosted its holdings in Sally Beauty by 945.0% in the 2nd quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock valued at $9,099,000 after purchasing an additional 766,815 shares during the period. Maverick Capital Ltd. boosted its holdings 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 purchasing an additional 153,707 shares during the period. Finally, AXA S.A. boosted its holdings in Sally Beauty by 446.7% in the 2nd quarter. AXA S.A. now owns 166,519 shares of the specialty retailer’s stock valued at $1,787,000 after purchasing an additional 136,062 shares during the period.

Sally Beauty Trading Down 1.5 %

Shares of SBH stock opened at $13.93 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 9.82 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The firm has a fifty day moving average of $13.11 and a 200-day moving average of $12.05. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.79.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SBH shares. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley increased their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. Finally, DA Davidson increased their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sally Beauty currently has an average rating of “Hold” and an average price target of $13.50.

Insider Buying and Selling

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now owns 42,431 shares of the company’s stock, valued at $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

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.