Profit Investment Management LLC Takes Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Profit Investment Management LLC purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 139,881 shares of the specialty retailer’s stock, valued at approximately $1,737,000. Profit Investment Management LLC owned about 0.13% of Sally Beauty as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. CWM LLC increased its holdings in Sally Beauty by 107.9% in the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 1,401 shares during the period. Quadrant Capital Group LLC increased its holdings in Sally Beauty by 168.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 2,829 shares during the period. SG Americas Securities LLC acquired a new stake in Sally Beauty in the fourth quarter valued at $136,000. Raymond James Trust N.A. acquired a new stake in Sally Beauty in the fourth quarter valued at $143,000. Finally, Ballentine Partners LLC increased its holdings in Sally Beauty by 9.8% in the fourth quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 1,043 shares during the period.

Sally Beauty Trading Up 1.0 %

Sally Beauty stock traded up $0.10 during trading hours on Friday, reaching $10.28. 2,622,877 shares of the company’s stock were exchanged, compared to its average volume of 1,078,633. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78. The firm’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $11.90. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.91. The firm has a market capitalization of $1.06 billion, a PE ratio of 6.99 and a beta of 1.49.

Sally Beauty (NYSE:SBHGet Free Report) last issued its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $908.36 million during the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Research analysts predict that Sally Beauty Holdings, Inc. will post 1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBH. TD Cowen decreased their price objective on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Piper Sandler decreased their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.00.

Read Our Latest Analysis on Sally Beauty

Sally Beauty Company Profile

(Free Report)

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.

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

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