Landscape Capital Management L.L.C. Sells 335,017 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Landscape Capital Management L.L.C. lessened its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 82.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,864 shares of the specialty retailer’s stock after selling 335,017 shares during the period. Landscape Capital Management L.L.C.’s holdings in Sally Beauty were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new position in Sally Beauty during the 1st quarter valued at about $64,000. Quest Partners LLC boosted its position in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 7,243 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Sally Beauty in the 3rd quarter worth approximately $94,000. Algert Global LLC purchased a new stake in shares of Sally Beauty in the 2nd quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty during the 2nd quarter valued at approximately $117,000.

Sally Beauty Stock Performance

SBH opened at $12.97 on Friday. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.36. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.01 and a beta of 1.53. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The company’s 50 day moving average is $13.05 and its 200 day moving average is $11.93.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $935.88 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBH. TD Cowen increased their target price on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday. Finally, DA Davidson increased their price objective on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $13.00.

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.