Thrivent Financial for Lutherans Reduces Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Thrivent Financial for Lutherans trimmed its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,604 shares of the specialty retailer’s stock after selling 5,328 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Sally Beauty worth $1,094,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Sally Beauty in the 2nd quarter worth approximately $11,796,000. Dimensional Fund Advisors LP increased its holdings in shares of Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after purchasing an additional 833,720 shares during the period. Millennium Management LLC raised its position in shares of Sally Beauty by 945.0% in the second quarter. Millennium Management LLC now owns 847,956 shares of the specialty retailer’s stock worth $9,099,000 after buying an additional 766,815 shares in the last quarter. Maverick Capital Ltd. boosted its stake in Sally Beauty by 141.3% during the second quarter. Maverick Capital Ltd. now owns 262,481 shares of the specialty retailer’s stock valued at $2,816,000 after buying an additional 153,707 shares during the period. Finally, AXA S.A. grew its position in Sally Beauty by 446.7% during the second quarter. AXA S.A. now owns 166,519 shares of the specialty retailer’s stock worth $1,787,000 after buying an additional 136,062 shares in the last quarter.

Sally Beauty Stock Performance

NYSE:SBH opened at $13.93 on Monday. Sally Beauty Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $14.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The business has a 50 day moving average of $13.12 and a 200 day moving average of $12.07. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.67 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Sally Beauty

In related news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the completion of the sale, the chief accounting officer now directly owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly 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. Company insiders own 1.36% of the company’s stock.

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.