Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,692 shares of the specialty retailer’s stock after purchasing an additional 53,067 shares during the period. Lazard Asset Management LLC owned 0.20% of Sally Beauty worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new stake in Sally Beauty during the 4th quarter valued at approximately $56,000. KBC Group NV boosted its holdings in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC purchased a new stake in shares of Sally Beauty in the 4th quarter valued at $105,000. Finally, Quarry LP increased its stake in shares of Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 9,006 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SBH. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, DA Davidson decreased their target price on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Stock Performance

NYSE SBH opened at $9.17 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The company has a market cap of $934.92 million, a P/E ratio of 5.49 and a beta of 1.33. The stock has a 50-day moving average of $8.52 and a two-hundred day moving average of $10.38. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79.

Sally Beauty (NYSE:SBH) last posted its earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Sally Beauty’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current 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.