Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,148 shares of the specialty retailer’s stock after selling 1,980 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Sally Beauty worth $735,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its holdings in shares of Sally Beauty by 16.8% in the first quarter. Wasatch Advisors LP now owns 3,731,016 shares of the specialty retailer’s stock worth $46,339,000 after buying an additional 535,753 shares during the period. Diversified Trust Co boosted its holdings in shares of Sally Beauty by 25.1% during the first quarter. Diversified Trust Co now owns 33,050 shares of the specialty retailer’s stock worth $410,000 after purchasing an additional 6,625 shares during the period. DGS Capital Management LLC boosted its holdings in shares of Sally Beauty by 4.3% during the first quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 1,810 shares during the period. Profit Investment Management LLC acquired a new stake in shares of Sally Beauty during the first quarter worth approximately $1,737,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Sally Beauty by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,784,422 shares of the specialty retailer’s stock worth $183,057,000 after purchasing an additional 52,343 shares during the period.

Sally Beauty Trading Up 0.6 %

Sally Beauty stock traded up $0.07 during trading hours on Tuesday, reaching $11.28. 865,571 shares of the company’s stock traded hands, compared to its average volume of 1,385,544. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.67 and a beta of 1.49. The firm’s 50 day moving average is $11.06 and its 200-day moving average is $11.87.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $908.36 million during the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, analysts predict that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SBH shares. Piper Sandler reduced their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. TD Cowen decreased their target price on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc 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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.