Rhumbline Advisers reduced its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,135 shares of the specialty retailer’s stock after selling 29,243 shares during the period. Rhumbline Advisers owned about 0.20% of Sally Beauty Holdings worth $5,430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SBH. BlackRock Inc. raised its stake in shares of Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock worth $233,521,000 after buying an additional 11,339,645 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Sally Beauty Holdings by 79.9% in the first quarter. Nordea Investment Management AB now owns 4,856,164 shares of the specialty retailer’s stock worth $99,260,000 after buying an additional 2,156,191 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Sally Beauty Holdings by 426.8% in the first quarter. Schroder Investment Management Group now owns 1,559,315 shares of the specialty retailer’s stock worth $31,732,000 after buying an additional 1,263,307 shares during the last quarter. Cove Street Capital LLC purchased a new stake in shares of Sally Beauty Holdings during the first quarter worth approximately $22,661,000. Finally, Morgan Stanley raised its stake in shares of Sally Beauty Holdings by 152.9% in the first quarter. Morgan Stanley now owns 1,806,539 shares of the specialty retailer’s stock worth $36,926,000 after buying an additional 1,092,202 shares during the last quarter.

Sally Beauty Holdings, Inc. (SBH) opened at 18.57 on Thursday. The firm’s 50-day moving average price is $19.63 and its 200-day moving average price is $19.99. The firm has a market cap of $2.46 billion, a P/E ratio of 11.34 and a beta of 0.65. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17.

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

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SBH has been the subject of a number of research analyst reports. BidaskClub lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine lowered Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. DA Davidson initiated coverage on Sally Beauty Holdings in a research report on Thursday, July 6th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Jefferies Group LLC initiated coverage on Sally Beauty Holdings in a research report on Friday, June 2nd. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.70.

In other news, Director John A. Miller acquired 20,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $18.35 per share, for a total transaction of $367,000.00. Following the purchase, the director now directly owns 39,802 shares in the company, valued at approximately $730,366.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert R. Mcmaster acquired 5,500 shares of Sally Beauty Holdings stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average price of $18.03 per share, with a total value of $99,165.00. Following the purchase, the insider now owns 40,630 shares in the company, valued at $732,558.90. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 59,750 shares of company stock valued at $1,072,720. 0.97% of the stock is currently owned by company insiders.

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.

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

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