KBC Group NV Grows Holdings in Sally Beauty Holdings, Inc. (SBH)
KBC Group NV lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 702.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,175 shares of the specialty retailer’s stock after purchasing an additional 198,850 shares during the period. KBC Group NV owned about 0.17% of Sally Beauty worth $4,448,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Sally Beauty by 30.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,007 shares of the specialty retailer’s stock worth $35,893,000 after purchasing an additional 423,109 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Sally Beauty by 3.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 478,622 shares of the specialty retailer’s stock worth $9,372,000 after purchasing an additional 15,169 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Sally Beauty during the third quarter worth $2,181,000. Wells Fargo & Company MN lifted its position in shares of Sally Beauty by 2.9% during the third quarter. Wells Fargo & Company MN now owns 443,508 shares of the specialty retailer’s stock worth $8,684,000 after purchasing an additional 12,586 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Sally Beauty by 34.3% during the third quarter. Citadel Advisors LLC now owns 1,465,559 shares of the specialty retailer’s stock worth $28,695,000 after purchasing an additional 374,028 shares in the last quarter.
Sally Beauty Holdings, Inc. (SBH) traded down $0.03 during trading hours on Friday, hitting $16.62. 1,969,900 shares of the stock traded hands, compared to its average volume of 2,271,875. Sally Beauty Holdings, Inc. has a one year low of $14.05 and a one year high of $27.71. The company has a debt-to-equity ratio of -4.87, a quick ratio of 0.42 and a current ratio of 2.04. The company has a market cap of $2,160.00, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.55 and a beta of 0.66.
Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). Sally Beauty had a net margin of 5.46% and a negative return on equity of 74.84%. The business had revenue of $974.20 million for the quarter, compared to the consensus estimate of $989.96 million. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.91 earnings per share for the current year.
Sally Beauty announced that its board has approved a share repurchase plan on Thursday, August 31st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 40.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently commented on SBH shares. Morgan Stanley cut shares of Sally Beauty from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, November 8th. BidaskClub cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Robert W. Baird set a $24.00 target price on shares of Sally Beauty and gave the stock a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, Cowen reissued a “buy” rating and set a $24.00 target price on shares of Sally Beauty in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.82.
In other Sally Beauty news, Director Edward W. Rabin acquired 3,750 shares of Sally Beauty stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the transaction, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company’s stock.
Sally Beauty 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.
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