James Investment Research Inc. Sells 15,590 Shares of Sally Beauty Holdings, Inc. (SBH)

James Investment Research Inc. lowered its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 11.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 116,185 shares of the specialty retailer’s stock after selling 15,590 shares during the quarter. James Investment Research Inc.’s holdings in Sally Beauty were worth $2,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Sally Beauty in the 2nd quarter valued at about $103,000. BlueMountain Capital Management LLC purchased a new position in shares of Sally Beauty in the 2nd quarter valued at about $106,000. Hartford Investment Management Co. purchased a new position in shares of Sally Beauty in the 2nd quarter valued at about $197,000. Greenleaf Trust purchased a new position in shares of Sally Beauty in the 2nd quarter valued at about $204,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Sally Beauty in the 3rd quarter valued at about $234,000.

SBH has been the topic of a number of recent analyst reports. Bank of America downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $17.00 to $15.00 in a report on Monday, July 16th. beau downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $17.00 to $15.00 in a report on Tuesday, July 17th. Jefferies Financial Group set a $14.00 price objective on Sally Beauty and gave the company a “hold” rating in a report on Thursday, August 2nd. Morgan Stanley dropped their price objective on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 6th. Finally, BMO Capital Markets dropped their price objective on Sally Beauty from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 6th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.



Shares of NYSE SBH opened at $17.81 on Thursday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 9.89, a PEG ratio of 1.69 and a beta of 0.17. Sally Beauty Holdings, Inc. has a 52-week low of $13.72 and a 52-week high of $19.17.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $996.28 million during the quarter, compared to analysts’ expectations of $995.30 million. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.12 earnings per share for the current year.

In other news, CEO Christian A. Brickman bought 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average cost of $13.90 per share, with a total value of $222,400.00. Following the transaction, the chief executive officer now directly owns 278,664 shares in the company, valued at $3,873,429.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Aaron E. Alt bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was purchased at an average cost of $14.07 per share, with a total value of $56,280.00. Following the completion of the transaction, the chief financial officer now owns 69,619 shares in the company, valued at $979,539.33. The disclosure for this purchase can be found here. 1.48% of the stock is owned by corporate insiders.

Sally Beauty Company Profile

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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