Advisory Research Inc. maintained its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,103,190 shares of the specialty retailer’s stock at the end of the 2nd quarter. Advisory Research Inc. owned 0.83% of Sally Beauty Holdings worth $22,549,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of Sally Beauty Holdings by 227.6% during the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 3,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sally Beauty Holdings by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 559 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sally Beauty Holdings by 37.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after purchasing an additional 2,125 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of Sally Beauty Holdings by 86.8% during the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock worth $161,000 after purchasing an additional 3,696 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Sally Beauty Holdings by 0.6% during the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares during the last quarter.

Several research analysts have issued reports on the company. Cowen and Company reiterated a “buy” rating and issued a $24.00 price objective on shares of Sally Beauty Holdings in a research report on Thursday, September 28th. KeyCorp reiterated a “hold” rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 6th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. DA Davidson reiterated a “buy” rating and issued a $23.00 price objective on shares of Sally Beauty Holdings in a research report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.67.

In other news, CEO Christian A. Brickman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $17.54 per share, with a total value of $350,800.00. Following the purchase, the chief executive officer now owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward W. Rabin acquired 4,250 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $18.06 per share, for a total transaction of $76,755.00. Following the purchase, the director now directly owns 16,653 shares in the company, valued at approximately $300,753.18. The disclosure for this purchase can be found here. Insiders bought a total of 34,250 shares of company stock worth $606,555 in the last three months. Company insiders own 0.97% of the company’s stock.

Sally Beauty Holdings, Inc. (SBH) traded down 1.56% during mid-day trading on Friday, reaching $19.60. The company’s stock had a trading volume of 1,126,109 shares. The firm has a 50 day moving average price of $19.35 and a 200-day moving average price of $19.53. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17. The company has a market capitalization of $2.60 billion, a PE ratio of 11.97 and a beta of 0.70.

Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The firm had revenue of $998.04 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post $1.82 EPS for the current fiscal year.

Sally Beauty Holdings announced that its board has approved a share buyback program on Thursday, August 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 40.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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

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