Ameriprise Financial Inc. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 707,292 shares of the specialty retailer’s stock after purchasing an additional 102,705 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.51% of Sally Beauty Holdings worth $14,323,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SBH. US Bancorp DE raised its stake in shares of Sally Beauty Holdings by 227.6% in the 2nd quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 3,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sally Beauty Holdings by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 559 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sally Beauty Holdings by 37.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after purchasing an additional 2,125 shares in the last quarter. World Asset Management Inc raised its stake in shares of Sally Beauty Holdings by 14.3% in the 1st quarter. World Asset Management Inc now owns 10,207 shares of the specialty retailer’s stock valued at $209,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Sally Beauty Holdings by 7.6% in the 2nd quarter. Creative Planning now owns 10,959 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 773 shares in the last quarter.

SBH has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. DA Davidson initiated coverage on shares of Sally Beauty Holdings in a research note on Thursday, July 6th. They issued a “neutral” rating and a $23.00 target price on the stock. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 6th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the 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, CEO Christian A. Brickman bought 20,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $17.54 per share, with a total value of $350,800.00. Following the completion of the purchase, the chief executive officer now owns 182,543 shares in the company, valued at approximately $3,201,804.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edward W. Rabin bought 4,250 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $18.06 per share, with a total value of $76,755.00. Following the completion of the purchase, the director now owns 16,653 shares of the company’s stock, valued at approximately $300,753.18. The disclosure for this purchase can be found here. Insiders have bought a total of 34,250 shares of company stock valued at $606,555 over the last ninety days. 0.97% of the stock is owned by insiders.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 19.60 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.97 and a beta of 0.70. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17. The company’s 50-day moving average is $19.35 and its 200 day moving average is $19.53.

Sally Beauty Holdings (NYSE:SBH) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $998.04 million during the quarter, compared to the consensus estimate of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post $1.82 EPS for the current fiscal year.

Sally Beauty Holdings declared that its Board of Directors has authorized a share buyback program on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.

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

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