Barclays PLC Buys 56,879 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Barclays PLC lifted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 36.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 212,159 shares of the specialty retailer’s stock after purchasing an additional 56,879 shares during the period. Barclays PLC owned 0.21% of Sally Beauty worth $2,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBH. Bank of New York Mellon Corp grew its holdings in Sally Beauty by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer’s stock worth $10,574,000 after acquiring an additional 9,924 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sally Beauty by 18.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,686 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 3,158 shares in the last quarter. Rhumbline Advisers increased its holdings in Sally Beauty by 4.4% during the second quarter. Rhumbline Advisers now owns 334,459 shares of the specialty retailer’s stock valued at $3,589,000 after buying an additional 14,046 shares during the period. Wolverine Asset Management LLC raised its stake in Sally Beauty by 120.7% in the second quarter. Wolverine Asset Management LLC now owns 100,567 shares of the specialty retailer’s stock worth $1,079,000 after buying an additional 55,000 shares in the last quarter. Finally, Privium Fund Management UK Ltd purchased a new stake in Sally Beauty during the second quarter worth $991,000.

Analyst Upgrades and Downgrades

SBH has been the subject of several recent research reports. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. DA Davidson increased their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Raymond James upgraded shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Finally, Morgan Stanley raised 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, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sally Beauty has an average rating of “Hold” and a consensus target price of $13.50.

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the firm’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 transaction of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Sally Beauty Stock Performance

SBH opened at $11.25 on Wednesday. The firm’s 50-day moving average price is $12.94 and its 200-day moving average price is $12.21. The company has a market cap of $1.15 billion, a P/E ratio of 7.81 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.79.

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 business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal year.

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.