Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 96.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,134 shares of the specialty retailer’s stock after acquiring an additional 13,298 shares during the period. Intech Investment Management LLC’s holdings in Sally Beauty were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Sally Beauty in the first quarter worth $64,000. Quest Partners LLC lifted 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 buying an additional 7,243 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Sally Beauty in the 3rd quarter valued at about $94,000. Algert Global LLC bought a new stake in shares of Sally Beauty during the 2nd quarter valued at about $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in Sally Beauty during the second quarter worth about $117,000.

Insider Buying and Selling at Sally Beauty

In related news, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This trade represents a 20.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the transaction, the insider now owns 42,431 shares of the company’s stock, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SBH shares. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Finally, Morgan Stanley lifted their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

Sally Beauty Price Performance

Shares of SBH opened at $13.71 on Wednesday. The stock’s fifty day moving average is $13.14 and its 200-day moving average is $12.10. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.51 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty Holdings, Inc. has a one year low of $9.06 and a one year high of $14.79.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current year.

About Sally Beauty

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.