Jupiter Asset Management Ltd. Lowers Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Jupiter Asset Management Ltd. trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715,797 shares of the specialty retailer’s stock after selling 377,735 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Sally Beauty were worth $17,930,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Quarry LP grew its position in shares of Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,345 shares during the period. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV increased its position in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 2,764 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Sally Beauty during the 3rd quarter worth approximately $64,000. Finally, Wealth Advisory Solutions LLC acquired a new position in shares of Sally Beauty during the 4th quarter worth approximately $105,000.

Analyst Ratings Changes

Several equities analysts have issued reports on SBH shares. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson cut their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley dropped their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Trading Down 3.7 %

SBH opened at $9.09 on Thursday. The business has a fifty day moving average price of $10.14 and a 200 day moving average price of $11.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a 12 month low of $8.52 and a 12 month high of $14.79. The stock has a market capitalization of $926.35 million, a price-to-earnings ratio of 5.44 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc 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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.