Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by State Street Corp

State Street Corp cut its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,387,812 shares of the specialty retailer’s stock after selling 76,317 shares during the period. State Street Corp owned approximately 4.27% of Sally Beauty worth $59,543,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SBH. Quarry LP lifted its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Sally Beauty during the third quarter worth $64,000. Quest Partners LLC lifted its holdings in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Sally Beauty in the 3rd quarter valued at $94,000. Finally, Algert Global LLC purchased a new position in Sally Beauty in the 2nd quarter worth about $113,000.

Sally Beauty Trading Down 1.4 %

Sally Beauty stock opened at $12.12 on Thursday. Sally Beauty Holdings, Inc. has a 12 month low of $9.06 and a 12 month high of $14.79. 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 market cap of $1.23 billion, a P/E ratio of 8.42 and a beta of 1.51. The company’s fifty day simple moving average is $13.03 and its 200-day simple moving average is $12.22.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the firm’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 approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.