Charles Schwab Investment Management Inc. Purchases 80,712 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Charles Schwab Investment Management Inc. raised its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,546,108 shares of the specialty retailer’s stock after acquiring an additional 80,712 shares during the period. Charles Schwab Investment Management Inc. owned about 2.48% of Sally Beauty worth $34,551,000 at the end of the most recent reporting period.

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

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.71 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The stock has a fifty day moving average of $13.14 and a 200 day moving average of $12.10. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.52 and a beta of 1.51. 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 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 firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

SBH has been the topic of several recent research reports. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley upped 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. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, DA Davidson upped 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 issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and an average target price of $13.50.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 directly owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.