Sally Beauty Holdings, Inc. (SBH) Shares Sold by Pillar Pacific Capital Management LLC

Sally Beauty Holdings, Inc. (SBH) Shares Sold by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC reduced its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,256 shares of the specialty retailer’s stock after selling 300 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Sally Beauty Holdings were worth $230,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new position in shares of Sally Beauty Holdings during the third quarter worth $971,000. Texas Permanent School Fund bought a new position in shares of Sally Beauty Holdings during the third quarter worth $2,854,000. Schwartz Investment Counsel Inc. raised its position in shares of Sally Beauty Holdings by 82.3% in the third quarter. Schwartz Investment Counsel Inc. now owns 223,300 shares of the specialty retailer’s stock worth $5,734,000 after buying an additional 100,800 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Sally Beauty Holdings by 300.6% in the third quarter. Quantbot Technologies LP now owns 32,824 shares of the specialty retailer’s stock worth $842,000 after buying an additional 24,630 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Sally Beauty Holdings by 81.4% in the third quarter. Nordea Investment Management AB now owns 2,746,812 shares of the specialty retailer’s stock worth $70,538,000 after buying an additional 1,232,453 shares during the last quarter.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) remained flat at $19.86 during midday trading on Friday. 2,485,030 shares of the stock traded hands. The company has a market capitalization of $2.83 billion, a PE ratio of 12.31 and a beta of 0.69. Sally Beauty Holdings, Inc. has a 12 month low of $18.78 and a 12 month high of $30.73. The stock’s 50-day moving average price is $19.88 and its 200 day moving average price is $23.70.

Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, May 4th. The specialty retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company earned $966.50 million during the quarter, compared to analysts’ expectations of $986.09 million. Sally Beauty Holdings had a net margin of 5.98% and a negative return on equity of 82.84%. Sally Beauty Holdings’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post $1.75 EPS for the current fiscal year.

A number of brokerages recently weighed in on SBH. Zacks Investment Research lowered shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, January 18th. CIBC reaffirmed a “market perform” rating on shares of Sally Beauty Holdings in a research note on Thursday, February 2nd. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Sally Beauty Holdings in a research note on Thursday, February 2nd. B. Riley reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Sally Beauty Holdings in a research note on Saturday, February 11th. Finally, Morgan Stanley reduced their target price on shares of Sally Beauty Holdings to $24.00 in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.50.

In other Sally Beauty Holdings news, CAO Janna Minton sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $22.88, for a total value of $257,400.00. Following the completion of the transaction, the chief accounting officer now owns 26,639 shares of the company’s stock, valued at approximately $609,500.32. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is owned by insiders.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH).

Related posts

Leave a Comment