Itau Unibanco Holding S.A. acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,418 shares of the specialty retailer’s stock, valued at approximately $103,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Sally Beauty by 17.9% during the 2nd quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock valued at $241,654,000 after purchasing an additional 2,287,521 shares during the period. BlackRock Inc. increased its position in Sally Beauty by 29.5% during the 2nd quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock valued at $226,051,000 after purchasing an additional 3,215,986 shares during the period. Atlanta Capital Management Co. L L C increased its position in Sally Beauty by 0.3% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 13,107,987 shares of the specialty retailer’s stock valued at $215,626,000 after purchasing an additional 39,726 shares during the period. Champlain Investment Partners LLC increased its position in Sally Beauty by 3.6% during the 1st quarter. Champlain Investment Partners LLC now owns 3,860,690 shares of the specialty retailer’s stock valued at $63,508,000 after purchasing an additional 135,555 shares during the period. Finally, LSV Asset Management increased its position in Sally Beauty by 3.5% during the 2nd quarter. LSV Asset Management now owns 2,919,045 shares of the specialty retailer’s stock valued at $46,792,000 after purchasing an additional 97,545 shares during the period.

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

Sally Beauty stock opened at $17.00 on Thursday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.20. Sally Beauty Holdings, Inc. has a 52-week low of $13.72 and a 52-week high of $20.62. The company has a current ratio of 2.12, a quick ratio of 0.39 and a debt-to-equity ratio of -5.42.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $996.28 million for 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 company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 2.12 EPS for the current year.

A number of analysts have weighed in on SBH shares. Zacks Investment Research raised shares of Sally Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Cowen reissued a “market perform” rating on shares of Sally Beauty in a research report on Wednesday, June 20th. They noted that the move was a valuation call. Bank of America downgraded shares of Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $17.00 to $15.00 in a research report on Monday, July 16th. beau downgraded shares of Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $17.00 to $15.00 in a research report on Tuesday, July 17th. Finally, Jefferies Financial Group set a $14.00 target price on shares of Sally Beauty and gave the company a “hold” rating in a research report on Thursday, August 2nd. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $15.73.

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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