Sally Beauty Holdings, Inc. (NYSE:SBH) Stake Boosted by Profit Investment Management LLC

Profit Investment Management LLC increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,209 shares of the specialty retailer’s stock after purchasing an additional 16,816 shares during the period. Sally Beauty accounts for 1.6% of Profit Investment Management LLC’s portfolio, making the stock its 28th largest position. Profit Investment Management LLC’s holdings in Sally Beauty were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares during the period. Principal Financial Group Inc. increased its position in Sally Beauty by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer’s stock valued at $7,190,000 after acquiring an additional 19,153 shares during the period. DGS Capital Management LLC raised its stake in shares of Sally Beauty by 6.0% during the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,575 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Sally Beauty by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock worth $1,299,000 after buying an additional 5,296 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after acquiring an additional 43,016 shares in the last quarter.

Sally Beauty Stock Performance

Sally Beauty stock opened at $11.11 on Friday. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $14.79. The firm’s 50 day simple moving average is $12.24 and its 200-day simple moving average is $12.21. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The company has a market cap of $1.13 billion, a P/E ratio of 7.71 and a beta of 1.56.

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

Insiders Place Their Bets

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the transaction, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred 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 transaction, the insider now directly owns 42,431 shares in the company, valued at approximately $614,825.19. This represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SBH. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Morgan Stanley upped their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a research report on Thursday. They issued a “buy” rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.60.

Sally Beauty Company 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.