Fisher Asset Management LLC Sells 5,903 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC trimmed its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,678,027 shares of the specialty retailer’s stock after selling 5,903 shares during the period. Fisher Asset Management LLC owned 2.61% of Sally Beauty worth $36,341,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Sally Beauty during the first quarter valued at about $64,000. Quest Partners LLC raised its stake in Sally Beauty by 16,095.6% during the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 7,243 shares during the period. nVerses Capital LLC bought a new stake in Sally Beauty during the 3rd quarter valued at approximately $94,000. Algert Global LLC purchased a new position in Sally Beauty in the 2nd quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty in the 2nd quarter worth approximately $117,000.

Sally Beauty Stock Up 0.9 %

Shares of NYSE SBH opened at $14.22 on Wednesday. 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 Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.64. The firm’s 50-day moving average price is $13.07 and its 200-day moving average price is $11.99. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.88 and a beta of 1.53.

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, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Insider Activity at Sally Beauty

In related news, 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 transaction, the chief accounting officer now directly owns 16,685 shares in the company, valued at approximately $242,433.05. This represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $614,825.19. The trade was a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SBH has been the topic of several recent analyst reports. Raymond James upgraded 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 price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, November 15th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson lifted their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

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.