Sei Investments Co. Sells 13,847 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Sei Investments Co. lowered its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,284 shares of the specialty retailer’s stock after selling 13,847 shares during the period. Sei Investments Co. owned approximately 0.17% of Sally Beauty worth $1,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SBH. Quarry LP increased its stake in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares during the period. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth approximately $56,000. KBC Group NV increased its stake in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after buying an additional 2,764 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Sally Beauty in the third quarter worth $64,000. Finally, Wealth Advisory Solutions LLC bought a new stake in Sally Beauty during the 4th quarter valued at $105,000.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $8.58 on Friday. Sally Beauty Holdings, Inc. has a 1 year low of $8.00 and a 1 year high of $14.79. The stock has a market capitalization of $874.26 million, a P/E ratio of 5.13 and a beta of 1.35. The company’s 50-day moving average is $9.40 and its 200 day moving average is $11.41. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on SBH shares. DA Davidson cut their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group assumed 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. One 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.