Teacher Retirement System of Texas Grows Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Teacher Retirement System of Texas grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 269.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,845 shares of the specialty retailer’s stock after buying an additional 534,651 shares during the period. Teacher Retirement System of Texas owned approximately 0.72% of Sally Beauty worth $7,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC grew its stake in Sally Beauty by 2.6% in the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after buying an additional 387,736 shares in the last quarter. Victory Capital Management Inc. grew its stake in Sally Beauty by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after buying an additional 156,580 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock worth $27,228,000 after buying an additional 59,478 shares in the last quarter. Geode Capital Management LLC grew its stake in Sally Beauty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after buying an additional 43,016 shares in the last quarter. Finally, Lightrock Netherlands B.V. purchased a new position in Sally Beauty in the 4th quarter worth approximately $9,413,000.

Sally Beauty Trading Up 1.2 %

Shares of SBH opened at $8.61 on Friday. The stock has a market capitalization of $877.42 million, a P/E ratio of 5.15 and a beta of 1.54. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $11.66. Sally Beauty Holdings, Inc. has a twelve month low of $8.25 and a twelve month high of $14.79.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBH shares. DA Davidson cut their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Canaccord Genuity Group started coverage on shares of Sally Beauty in a research note on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, November 25th. Morgan Stanley cut their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and a consensus price target of $12.70.

About Sally Beauty

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.