Geode Capital Management LLC Boosts Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Geode Capital Management LLC raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,415,875 shares of the specialty retailer’s stock after purchasing an additional 43,016 shares during the quarter. Geode Capital Management LLC owned 2.35% of Sally Beauty worth $32,790,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Sally Beauty by 36.6% in the third 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. Quarry LP boosted its holdings in Sally Beauty by 369.3% in the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares during the period. Point72 DIFC Ltd acquired a new position in Sally Beauty during the 3rd quarter worth $64,000. Point72 Asset Management L.P. purchased a new stake in Sally Beauty during the 3rd quarter worth about $1,080,000. Finally, Centiva Capital LP purchased a new stake in Sally Beauty during the 3rd quarter worth about $431,000.

Analysts Set New Price Targets

SBH has been the subject of a number of analyst reports. DA Davidson boosted their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Finally, StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Sally Beauty Trading Down 1.1 %

Shares of SBH stock opened at $11.25 on Thursday. The stock 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 fifty-two week low of $9.06 and a fifty-two week high of $14.79. The business has a fifty day simple moving average of $12.91 and a 200-day simple moving average of $12.21.

Sally Beauty (NYSE:SBH) last announced its 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 company 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 firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.