Illinois Municipal Retirement Fund Buys 3,189 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Illinois Municipal Retirement Fund grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,466 shares of the specialty retailer’s stock after acquiring an additional 3,189 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Sally Beauty worth $632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $771,000. Barclays PLC lifted its holdings in Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares during the period. FMR LLC lifted its holdings in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after buying an additional 387,736 shares during the period. Access Investment Management LLC lifted its holdings in Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer’s stock worth $3,175,000 after buying an additional 53,670 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after buying an additional 257,510 shares during the period.

Sally Beauty Stock Performance

Shares of SBH stock opened at $8.76 on Tuesday. The business’s fifty day simple moving average is $10.36 and its 200-day simple moving average is $12.05. The company has a market cap of $893.12 million, a PE ratio of 5.25 and a beta of 1.55. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 12-month low of $8.68 and a 12-month high of $14.79.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SBH. Canaccord Genuity Group began coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. Morgan Stanley lowered their target price 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 upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, TD Cowen raised 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. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.70.

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.