Sally Beauty Holdings, Inc. $SBH Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 52.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,300 shares of the specialty retailer’s stock after selling 57,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sally Beauty were worth $842,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Sally Beauty during the second quarter worth $223,172,000. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,871,979 shares of the specialty retailer’s stock valued at $81,323,000 after purchasing an additional 202,020 shares in the last quarter. Access Investment Management LLC grew its stake in Sally Beauty by 1.3% in the third quarter. Access Investment Management LLC now owns 574,104 shares of the specialty retailer’s stock valued at $9,427,000 after purchasing an additional 7,380 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Sally Beauty in the 2nd quarter worth about $9,347,000. Finally, Pacer Advisors Inc. acquired a new position in Sally Beauty in the 1st quarter worth about $8,102,000.

Analyst Ratings Changes

A number of brokerages have commented on SBH. Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings lowered Sally Beauty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Finally, TD Cowen initiated coverage on Sally Beauty in a report on Friday, October 30th. They issued a “strong-buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of “Moderate Buy” and an average price target of $17.40.

Sally Beauty Stock Performance

Shares of SBH stock opened at $18.70 on Friday. Sally Beauty Holdings, Inc. has a 52 week low of $11.54 and a 52 week high of $19.60. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.74 and a beta of 1.09. The company has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $15.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The business had revenue of $935.49 million during the quarter, compared to analyst estimates of $938.45 million. During the same quarter last year, the business earned $0.51 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 2.07 earnings per share for the current year.

Sally Beauty Profile

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. Through its Sally Beauty and CosmoProf businesses, the company serves both individual consumers and salon professionals with products including hair color, hair care, styling products, skin care, nail care, beauty accessories and salon equipment.

Sally Beauty stores primarily target consumers and offer a broad selection of branded and private-label beauty products. CosmoProf serves licensed beauty professionals and salons, providing professional-use products, tools, furnishings and education-related resources.