Amalgamated Bank Sells 1,137 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Amalgamated Bank decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,521 shares of the specialty retailer’s stock after selling 1,137 shares during the quarter. Amalgamated Bank’s holdings in Sally Beauty were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Sally Beauty in the 1st quarter worth $64,000. nVerses Capital LLC bought a new position in shares of Sally Beauty in the third quarter worth about $94,000. Quest Partners LLC increased its stake in shares of Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares during the period. Algert Global LLC acquired a new position in shares of Sally Beauty during the 2nd quarter worth about $113,000. Finally, Meeder Asset Management Inc. bought a new stake in Sally Beauty during the 2nd quarter valued at approximately $117,000.

Sally Beauty Stock Down 2.7 %

NYSE SBH opened at $13.41 on Friday. Sally Beauty Holdings, Inc. has a 1-year low of $8.59 and a 1-year high of $14.36. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.53. The stock’s 50 day moving average is $12.96 and its two-hundred day moving average is $11.87. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69.

Wall Street Analyst Weigh In

SBH has been the topic of several research analyst reports. DA Davidson raised their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday. Morgan Stanley increased their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday. StockNews.com lowered Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen raised their price objective on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.00.

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.