The Texas Permanent School Fund Invests $2,854,000 in Sally Beauty Holdings Inc. (SBH)

The Texas Permanent School Fund Invests $2,854,000 in Sally Beauty Holdings Inc. (SBH)

Texas Permanent School Fund bought a new position in Sally Beauty Holdings Inc. (NYSE:SBH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,140 shares of the company’s stock, valued at approximately $2,854,000.

A number of other hedge funds have also recently bought and sold shares of SBH. UBS Asset Management Americas Inc. increased its stake in shares of Sally Beauty Holdings by 3.6% in the second quarter. UBS Asset Management Americas Inc. now owns 131,066 shares of the company’s stock valued at $3,855,000 after buying an additional 4,500 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Sally Beauty Holdings by 20.1% in the second quarter. Nationwide Fund Advisors now owns 182,700 shares of the company’s stock valued at $5,373,000 after buying an additional 30,600 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Sally Beauty Holdings during the second quarter valued at about $1,371,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Sally Beauty Holdings by 9.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,145 shares of the company’s stock valued at $357,000 after buying an additional 1,085 shares in the last quarter. Finally, Pax World Management LLC increased its stake in shares of Sally Beauty Holdings by 3.5% in the second quarter. Pax World Management LLC now owns 628,780 shares of the company’s stock valued at $18,492,000 after buying an additional 21,491 shares in the last quarter.

Sally Beauty Holdings Inc. (NYSE:SBH) traded down 0.519% during midday trading on Thursday, hitting $25.895. The stock had a trading volume of 763,398 shares. Sally Beauty Holdings Inc. has a 12-month low of $23.72 and a 12-month high of $32.93. The company’s 50-day moving average price is $26.55 and its 200 day moving average price is $27.10. The stock has a market cap of $3.74 billion, a P/E ratio of 17.263 and a beta of 0.68.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $976.40 million for the quarter, compared to analyst estimates of $989.05 million. Sally Beauty Holdings had a negative return on equity of 83.65% and a net margin of 5.64%. Sally Beauty Holdings’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that Sally Beauty Holdings Inc. will post $1.83 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the company. Piper Jaffray Cos. reiterated a “hold” rating and set a $27.00 target price on shares of Sally Beauty Holdings in a research report on Friday, September 30th. Cowen and Company set a $29.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a research report on Thursday, September 29th. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. Citigroup Inc. downgraded Sally Beauty Holdings to an “underperform” rating in a research report on Tuesday, November 15th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $29.00 target price (down from $35.00) on shares of Sally Beauty Holdings in a research report on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.71.

About Sally Beauty Holdings

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.

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