American Century Companies Inc. Purchases 21,259 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

American Century Companies Inc. boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,593 shares of the specialty retailer’s stock after purchasing an additional 21,259 shares during the quarter. American Century Companies Inc.’s holdings in Sally Beauty were worth $2,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC increased its stake in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock worth $200,000 after acquiring an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sally Beauty by 8.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 1,090 shares during the period. Quarry LP increased its stake in shares of Sally Beauty by 369.3% during the third quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,345 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Sally Beauty by 6.0% during the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,575 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter.

Sally Beauty Trading Down 6.9 %

Sally Beauty stock opened at $7.90 on Wednesday. Sally Beauty Holdings, Inc. has a one year low of $7.80 and a one year high of $14.79. The business’s fifty day moving average is $9.22 and its 200 day moving average is $11.30. The stock has a market capitalization of $804.93 million, a PE ratio of 4.73 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44.

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

Analysts Set New Price Targets

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

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.