Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 60,466 shares of the specialty retailer’s stock after acquiring an additional 3,189 shares during the period. Illinois Municipal Retirement Fund’s holdings in Sally Beauty were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBH. Lightrock Netherlands B.V. acquired a new stake in Sally Beauty during the 4th quarter worth about $9,413,000. FMR LLC grew its position in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the period. JPMorgan Chase & Co. grew its position in Sally Beauty by 306.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after purchasing an additional 257,510 shares during the period. Charles Schwab Investment Management Inc. grew its position in Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after purchasing an additional 80,712 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Sally Beauty during the 3rd quarter worth about $1,080,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SBH. DA Davidson cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research note on Monday, November 25th. Morgan Stanley lowered their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” 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 four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Trading Down 2.9 %

SBH stock opened at $8.76 on Tuesday. The firm has a market cap of $893.12 million, a P/E ratio of 5.25 and a beta of 1.55. Sally Beauty Holdings, Inc. has a 52-week low of $8.68 and a 52-week high of $14.79. The company’s 50-day simple moving average is $10.36 and its 200-day simple moving average is $12.05. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

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

Sally Beauty Profile

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.