Profund Advisors LLC cut its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 26.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,304 shares of the specialty retailer’s stock after selling 5,829 shares during the quarter. Profund Advisors LLC’s holdings in Sally Beauty Holdings were worth $330,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. US Bancorp DE lifted its holdings 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 buying an additional 3,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 buying an additional 559 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 2,125 shares during the last quarter. Creative Planning lifted its holdings in shares of Sally Beauty Holdings by 7.6% during the second quarter. Creative Planning now owns 10,959 shares of the specialty retailer’s stock worth $222,000 after buying an additional 773 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Sally Beauty Holdings by 15.2% during the second quarter. LS Investment Advisors LLC now owns 11,288 shares of the specialty retailer’s stock worth $229,000 after buying an additional 1,490 shares during the last quarter.

Shares of Sally Beauty Holdings, Inc. (SBH) opened at 19.60 on Friday. 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 12 month low of $17.26 and a 12 month 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 issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. Sally Beauty Holdings’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post $1.82 EPS for the current year.

Sally Beauty Holdings announced that its board has approved a share repurchase plan on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 40.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of brokerages have recently commented on SBH. Cowen and Company reiterated a “buy” rating and set a $24.00 price target on shares of Sally Beauty Holdings in a report on Thursday, September 28th. KeyCorp reiterated a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 6th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson reiterated a “buy” rating and set a $23.00 price target on shares of Sally Beauty Holdings in a report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a 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 given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.67.

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In related news, Director Edward W. Rabin purchased 4,250 shares of Sally Beauty Holdings stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the transaction, the director now owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christian A. Brickman purchased 20,000 shares of Sally Beauty Holdings stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the transaction, the chief executive officer now directly owns 182,543 shares in the company, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Insiders have purchased a total of 34,250 shares of company stock worth $606,555 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

About Sally Beauty Holdings

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

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