Charles Schwab Investment Management Inc. Buys 59,478 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Charles Schwab Investment Management Inc. increased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,605,586 shares of the specialty retailer’s stock after acquiring an additional 59,478 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.56% of Sally Beauty worth $27,228,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Sally Beauty in the third quarter valued at approximately $771,000. Barclays PLC grew its position in Sally Beauty by 36.6% in the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after purchasing an additional 56,879 shares during the period. Los Angeles Capital Management LLC bought a new stake in Sally Beauty during the 4th quarter valued at $329,000. Access Investment Management LLC raised its holdings in Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer’s stock worth $3,175,000 after buying an additional 53,670 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after buying an additional 387,736 shares in the last quarter.

Sally Beauty Price Performance

Shares of NYSE:SBH opened at $8.97 on Tuesday. The company has a market capitalization of $914.02 million, a P/E ratio of 5.37 and a beta of 1.54. The company’s 50-day moving average is $10.04 and its 200 day moving average is $11.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $14.79.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Canaccord Genuity Group assumed coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. Morgan Stanley reduced their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. DA Davidson dropped 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. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and a consensus target price of $12.70.

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.