Teachers Retirement System of The State of Kentucky lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 21.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,713 shares of the specialty retailer’s stock after selling 5,900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sally Beauty were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBH. Itau Unibanco Holding S.A. acquired a new position in Sally Beauty during the second quarter valued at approximately $103,000. BlueMountain Capital Management LLC acquired a new position in Sally Beauty during the second quarter valued at approximately $106,000. Greenleaf Trust acquired a new position in Sally Beauty during the second quarter valued at approximately $204,000. Fox Run Management L.L.C. acquired a new position in Sally Beauty during the third quarter valued at approximately $234,000. Finally, Sun Life Financial INC grew its holdings in Sally Beauty by 8,479.5% during the second quarter. Sun Life Financial INC now owns 14,671 shares of the specialty retailer’s stock valued at $235,000 after purchasing an additional 14,500 shares during the period.

Shares of SBH opened at $19.29 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $13.72 and a twelve month high of $23.61. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.80 and a beta of 0.20.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $965.98 million. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 2.22 EPS for the current year.

A number of research analysts have weighed in on SBH shares. Jefferies Financial Group set a $15.00 price target on shares of Sally Beauty and gave the company a “sell” rating in a research note on Friday, November 9th. ValuEngine raised shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. DA Davidson lifted their price target on shares of Sally Beauty to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, November 19th. Finally, BMO Capital Markets set a $22.00 price target on shares of Sally Beauty and gave the company a “hold” rating in a research note on Monday, November 19th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Sally Beauty presently has an average rating of “Hold” and a consensus target price of $17.22.

In other news, SVP Scott C. Sherman sold 3,100 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $21.72, for a total value of $67,332.00. Following the sale, the senior vice president now owns 13,312 shares of the company’s stock, valued at $289,136.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Aaron E. Alt acquired 2,400 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $20.75 per share, for a total transaction of $49,800.00. Following the transaction, the chief financial officer now owns 88,391 shares of the company’s stock, valued at $1,834,113.25. The disclosure for this purchase can be found here. Insiders own 0.97% of the company’s stock.

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About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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

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