Principal Financial Group Inc. Purchases 15,998 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Principal Financial Group Inc. increased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,850 shares of the specialty retailer’s stock after purchasing an additional 15,998 shares during the quarter. Principal Financial Group Inc. owned approximately 0.54% of Sally Beauty worth $5,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Hancock Whitney Corp raised its stake in Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 773 shares during the period. Quarry LP increased its position in 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 purchasing an additional 2,345 shares during the period. DGS Capital Management LLC grew its holdings in Sally Beauty by 6.0% in the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 2,575 shares during the period. KBC Group NV increased its holdings in Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Creative Planning increased its holdings in Sally Beauty by 9.7% during the third quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock worth $516,000 after buying an additional 3,349 shares during the last quarter.

Analyst Upgrades and Downgrades

SBH has been the subject of a number of research analyst reports. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group began coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Stock Down 2.9 %

Sally Beauty stock opened at $8.76 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 52 week low of $8.68 and a 52 week high of $14.79. The business’s 50-day moving average price is $10.36 and its 200 day moving average price is $12.05. The firm has a market cap of $893.12 million, a price-to-earnings ratio of 5.25 and a beta of 1.55.

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

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.