New York State Teachers Retirement System Has $579,000 Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

New York State Teachers Retirement System lowered its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,410 shares of the specialty retailer’s stock after selling 1,302 shares during the period. New York State Teachers Retirement System owned approximately 0.05% of Sally Beauty worth $579,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SBH. Creative Planning lifted its holdings in Sally Beauty by 9.7% during the 3rd quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 3,349 shares during the last quarter. GSA Capital Partners LLP increased its position in Sally Beauty by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock worth $2,000,000 after buying an additional 4,525 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after buying an additional 10,016 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Sally Beauty by 5.4% during the third quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock worth $4,511,000 after buying an additional 16,884 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Sally Beauty in the third quarter valued at about $157,000.

Sally Beauty Price Performance

SBH stock opened at $9.23 on Tuesday. Sally Beauty Holdings, Inc. has a 1 year low of $8.88 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The stock has a market cap of $940.49 million, a price-to-earnings ratio of 5.52 and a beta of 1.55. The company has a 50 day simple moving average of $10.64 and a 200 day simple moving average of $12.12.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBH has been the topic of a number of recent research reports. DA Davidson lowered their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Canaccord Genuity Group began coverage on Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sally Beauty has an average rating of “Hold” and an average target price of $12.70.

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.