Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.4% during the third quarter, Holdings Channel.com reports. The fund owned 217,797 shares of the specialty retailer’s stock after selling 10,000 shares during the period. Public Sector Pension Investment Board’s holdings in Sally Beauty were worth $2,956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hancock Whitney Corp lifted its holdings in shares of Sally Beauty by 1.9% in the third quarter. Hancock Whitney Corp now owns 40,661 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 773 shares in the last quarter. Diversified Trust Co increased its position in Sally Beauty by 2.7% during the second quarter. Diversified Trust Co now owns 33,948 shares of the specialty retailer’s stock worth $364,000 after buying an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Sally Beauty by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 51,196 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,395 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Sally Beauty by 19.9% in the second quarter. Evergreen Capital Management LLC now owns 13,070 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 2,169 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Sally Beauty by 16.4% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 2,400 shares in the last quarter.

Insider Buying and Selling at Sally Beauty

In other news, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at approximately $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the completion of the transaction, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SBH has been the subject of several analyst reports. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Morgan Stanley lifted their target price 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. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Finally, DA Davidson lifted their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.50.

Sally Beauty Stock Performance

Shares of SBH stock opened at $13.71 on Wednesday. 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 $1.40 billion, a price-to-earnings ratio of 9.52 and a beta of 1.51. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79. The company has a 50 day moving average price of $13.14 and a 200 day moving average price of $12.10.

Sally Beauty (NYSE:SBH) last issued 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. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

About Sally Beauty

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.