Intech Investment Management LLC Grows Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Intech Investment Management LLC grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 96.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,134 shares of the specialty retailer’s stock after purchasing an additional 13,298 shares during the period. Intech Investment Management LLC’s holdings in Sally Beauty were worth $368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Sally Beauty during the 1st quarter worth $64,000. nVerses Capital LLC purchased a new position in Sally Beauty during the third quarter worth about $94,000. Quest Partners LLC boosted its stake in Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after buying an additional 7,243 shares during the last quarter. Algert Global LLC acquired a new stake in Sally Beauty in the 2nd quarter worth about $113,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sally Beauty during the 2nd quarter valued at about $117,000.

Insider Transactions at Sally Beauty

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This represents a 24.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the transaction, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade 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.

Sally Beauty Stock Down 1.6 %

Shares of NYSE SBH opened at $13.71 on Wednesday. The stock has a fifty day moving average price of $13.14 and a 200 day moving average price of $12.10. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a market cap of $1.40 billion, a P/E ratio of 9.51 and a beta of 1.51.

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

Wall Street Analyst Weigh In

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

Sally Beauty Company 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.