ArrowMark Colorado Holdings LLC Lowers Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

ArrowMark Colorado Holdings LLC reduced its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 14.0% in the third quarter, Holdings Channel reports. The firm owned 3,808,615 shares of the specialty retailer’s stock after selling 621,907 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Sally Beauty were worth $51,683,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Sally Beauty during the first quarter worth about $64,000. Quest Partners LLC grew its position in Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 7,243 shares in the last quarter. nVerses Capital LLC bought a new position in Sally Beauty in the third quarter valued at $94,000. Algert Global LLC purchased a new stake in Sally Beauty during the second quarter valued at about $113,000. Finally, Meeder Asset Management Inc. bought a new stake in Sally Beauty during the second quarter worth about $117,000.

Analysts Set New Price Targets

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

Insider Activity

In other Sally Beauty news, insider Scott C. Sherman sold 13,500 shares of Sally Beauty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,685 shares of the company’s stock, valued at $242,433.05. This represents a 20.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Sally Beauty Price Performance

Shares of Sally Beauty stock opened at $13.93 on Monday. The company’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $12.07. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The firm has a market cap of $1.42 billion, a PE ratio of 9.67 and a beta of 1.53. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

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