The Manufacturers Life Insurance Company Sells 963 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

The Manufacturers Life Insurance Company cut its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,233 shares of the specialty retailer’s stock after selling 963 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Sally Beauty were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after purchasing an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sally Beauty by 34.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after buying an additional 833,720 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after buying an additional 80,712 shares during the period. Marshall Wace LLP acquired a new stake in Sally Beauty during the 2nd quarter worth approximately $11,796,000. Finally, Bank of New York Mellon Corp increased its position in Sally Beauty by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer’s stock valued at $10,574,000 after acquiring an additional 9,924 shares during the period.

Sally Beauty Stock Down 1.0 %

Shares of Sally Beauty stock opened at $12.47 on Friday. The stock’s 50-day moving average is $13.07 and its 200 day moving average is $12.21. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 8.66 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley lifted their target price on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sally Beauty presently has an average rating of “Hold” and an average price target of $13.50.

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.