Polaris Capital Management LLC Sells 4,400 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Polaris Capital Management LLC decreased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,392,129 shares of the specialty retailer’s stock after selling 4,400 shares during the period. Polaris Capital Management LLC’s holdings in Sally Beauty were worth $24,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SBH. Lightrock Netherlands B.V. bought a new position in Sally Beauty in the 4th quarter valued at about $9,413,000. FMR LLC raised its stake in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after acquiring an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sally Beauty by 306.7% in the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after acquiring an additional 257,510 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Sally Beauty during the 3rd quarter worth approximately $1,080,000.

Sally Beauty Price Performance

NYSE:SBH opened at $9.57 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The firm has a market capitalization of $974.48 million, a price-to-earnings ratio of 6.64 and a beta of 1.55. The stock has a fifty day moving average of $11.36 and a 200 day moving average of $12.20. 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 announced its quarterly earnings data 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 return on equity of 31.37% and a net margin of 4.13%. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBH has been the topic of a number of recent analyst reports. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Canaccord Genuity Group started coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Morgan Stanley cut their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.20.

Insider Buying and Selling

In other news, CAO Kim Mcintosh sold 4,300 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total value of $195,615.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is owned by 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.