LSV Asset Management Buys 583,984 Shares of Sally Beauty Holdings (SBH)

LSV Asset Management boosted its stake in shares of Sally Beauty Holdings (NYSE:SBH) by 26.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,821,500 shares of the specialty retailer’s stock after acquiring an additional 583,984 shares during the period. LSV Asset Management’s holdings in Sally Beauty were worth $46,413,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Swiss National Bank increased its stake in Sally Beauty by 2.0% during the 1st quarter. Swiss National Bank now owns 228,300 shares of the specialty retailer’s stock worth $3,756,000 after acquiring an additional 4,500 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Sally Beauty by 1.6% in the 1st quarter. Prudential Financial Inc. now owns 1,608,242 shares of the specialty retailer’s stock valued at $26,456,000 after purchasing an additional 25,550 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Sally Beauty by 6.9% in the 1st quarter. Victory Capital Management Inc. now owns 1,623,617 shares of the specialty retailer’s stock valued at $26,708,000 after purchasing an additional 104,994 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Sally Beauty in the 1st quarter valued at $708,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Sally Beauty by 2,332.5% in the 1st quarter. Meeder Asset Management Inc. now owns 48,066 shares of the specialty retailer’s stock valued at $791,000 after purchasing an additional 46,090 shares in the last quarter.

A number of equities research analysts have weighed in on the company. ValuEngine downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Sally Beauty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Oppenheimer reaffirmed a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Buckingham Research reduced their target price on Sally Beauty from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Finally, BMO Capital Markets set a $18.00 target price on Sally Beauty and gave the company a “hold” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.90.



In other news, CEO Christian A. Brickman acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were bought at an average price of $14.61 per share, with a total value of $292,200.00. Following the acquisition, the chief executive officer now directly owns 267,705 shares in the company, valued at approximately $3,911,170.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward W. Rabin acquired 3,300 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were purchased at an average cost of $14.48 per share, for a total transaction of $47,784.00. Following the acquisition, the director now owns 14,351 shares in the company, valued at $207,802.48. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company’s stock.

Sally Beauty opened at $15.45 on Monday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of -5.62, a quick ratio of 0.40 and a current ratio of 2.11. Sally Beauty Holdings has a twelve month low of $14.05 and a twelve month high of $21.36. The firm has a market cap of $1.89 billion, a P/E ratio of 8.58, a PEG ratio of 0.96 and a beta of 0.33.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Sally Beauty had a net margin of 6.26% and a negative return on equity of 73.82%. The firm had revenue of $975.30 million for the quarter, compared to analyst estimates of $975.33 million. During the same period last year, the business earned $0.44 EPS. The company’s revenue was up .9% compared to the same quarter last year. analysts forecast that Sally Beauty Holdings will post 2.38 earnings per share for the current fiscal year.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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