US Bancorp DE raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 227.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the specialty retailer’s stock after buying an additional 3,543 shares during the period. US Bancorp DE’s holdings in Sally Beauty Holdings were worth $103,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SBH. Capstone Asset Management Co. increased its stake in shares of Sally Beauty Holdings by 0.4% in the first quarter. Capstone Asset Management Co. now owns 12,591 shares of the specialty retailer’s stock worth $257,000 after buying an additional 50 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Sally Beauty Holdings by 0.3% in the first quarter. Arizona State Retirement System now owns 59,700 shares of the specialty retailer’s stock worth $1,220,000 after buying an additional 200 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Sally Beauty Holdings by 0.5% in the first quarter. State Treasurer State of Michigan now owns 58,300 shares of the specialty retailer’s stock worth $1,192,000 after buying an additional 300 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Sally Beauty Holdings by 0.5% in the first quarter. Tdam USA Inc. now owns 65,653 shares of the specialty retailer’s stock worth $1,342,000 after buying an additional 332 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Sally Beauty Holdings by 2.9% in the first quarter. Pacer Advisors Inc. now owns 14,418 shares of the specialty retailer’s stock worth $295,000 after buying an additional 400 shares during the last quarter.

Sally Beauty Holdings, Inc. (NYSE:SBH) traded down 0.65% during trading on Thursday, reaching $18.45. The company’s stock had a trading volume of 707,130 shares. 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 $19.63 and its 200-day moving average is $19.99. The company has a market capitalization of $2.44 billion, a P/E ratio of 11.26 and a beta of 0.65.

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

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A number of analysts recently issued reports on the company. Robert W. Baird set a $26.00 price objective on Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research raised Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, July 18th. BidaskClub downgraded Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BMO Capital Markets set a $21.00 target price on Sally Beauty Holdings and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $20.00 target price (down from $21.50) on shares of Sally Beauty Holdings in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.70.

In related news, CEO Christian A. Brickman purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $17.90 per share, with a total value of $179,000.00. Following the acquisition, the chief executive officer now owns 172,543 shares in the company, valued at approximately $3,088,519.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christian A. Brickman purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average cost of $17.54 per share, for a total transaction of $350,800.00. Following the acquisition, the chief executive officer now owns 182,543 shares in the company, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. In the last three months, insiders purchased 59,750 shares of company stock worth $1,072,720. Company insiders own 0.97% of the company’s stock.

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.

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

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