10,759 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,759 shares of the specialty retailer’s stock, valued at approximately $143,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in Sally Beauty by 143.5% in the third quarter. Royal Bank of Canada now owns 2,187 shares of the specialty retailer’s stock worth $28,000 after buying an additional 1,289 shares in the last quarter. US Bancorp DE grew its holdings in shares of Sally Beauty by 126.7% during the second quarter. US Bancorp DE now owns 2,346 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 1,311 shares during the last quarter. State of Wyoming purchased a new stake in shares of Sally Beauty during the fourth quarter valued at $32,000. Tower Research Capital LLC TRC grew its holdings in shares of Sally Beauty by 30.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 1,208 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Sally Beauty by 101.2% in the first quarter. UBS Group AG now owns 5,008 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 423,610 shares during the last quarter.

Sally Beauty Trading Up 4.6 %

SBH opened at $12.17 on Thursday. The company’s 50 day simple moving average is $12.55 and its two-hundred day simple moving average is $10.87. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.75 and a beta of 1.47. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty Holdings, Inc. has a 1-year low of $7.21 and a 1-year high of $15.93.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $931.30 million during the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Analysts expect that Sally Beauty Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 19th. DA Davidson raised their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th.

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.