Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,350 shares of the specialty retailer’s stock after purchasing an additional 16,950 shares during the period. Empowered Funds LLC owned approximately 0.34% of Sally Beauty worth $3,651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in Sally Beauty in the fourth quarter worth approximately $553,000. EMC Capital Management increased its holdings in shares of Sally Beauty by 105.5% in the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 6,436 shares in the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter valued at $56,000. KBC Group NV increased its holdings 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. Finally, Profit Investment Management LLC increased its holdings in shares of Sally Beauty by 9.5% in the fourth quarter. Profit Investment Management LLC now owns 194,209 shares of the specialty retailer’s stock valued at $2,029,000 after buying an additional 16,816 shares in the last quarter.

Sally Beauty Trading Down 5.3 %

Shares of NYSE:SBH opened at $9.17 on Thursday. The stock has a market capitalization of $934.24 million, a PE ratio of 6.37 and a beta of 1.55. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. The firm has a fifty day moving average price of $11.19 and a 200 day moving average price of $12.17. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56.

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

Insider Buying and Selling

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the completion of the sale, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. This represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. This trade represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on SBH shares. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target on the stock. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.20.

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.