Sally Beauty Holdings, Inc. (SBH) Holdings Lessened by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 27.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,705 shares of the specialty retailer’s stock after selling 12,933 shares during the quarter. Meeder Asset Management Inc.’s holdings in Sally Beauty were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SBH. BlackRock Inc. increased its holdings in shares of Sally Beauty by 29.5% in the second quarter. BlackRock Inc. now owns 14,101,739 shares of the specialty retailer’s stock worth $226,051,000 after acquiring an additional 3,215,986 shares in the last quarter. FMR LLC increased its holdings in shares of Sally Beauty by 17.9% in the second quarter. FMR LLC now owns 15,075,063 shares of the specialty retailer’s stock worth $241,654,000 after acquiring an additional 2,287,521 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Sally Beauty by 273.7% in the second quarter. United Services Automobile Association now owns 1,097,402 shares of the specialty retailer’s stock worth $214,103,000 after acquiring an additional 803,742 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Sally Beauty by 65.1% in the second quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after acquiring an additional 783,382 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Sally Beauty by 1,779.6% in the second quarter. SG Americas Securities LLC now owns 580,037 shares of the specialty retailer’s stock worth $9,298,000 after acquiring an additional 549,178 shares in the last quarter.

In other news, CEO Christian A. Brickman acquired 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average cost of $13.90 per share, for a total transaction of $222,400.00. Following the completion of the acquisition, the chief executive officer now owns 278,664 shares in the company, valued at $3,873,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

NYSE:SBH opened at $21.75 on Friday. The stock has a market cap of $2.26 billion, a P/E ratio of 9.26, a PEG ratio of 1.64 and a beta of 0.19. Sally Beauty Holdings, Inc. has a 52-week low of $13.72 and a 52-week high of $23.61.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $966.00 million during the quarter, compared to the consensus estimate of $965.98 million. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. Sally Beauty’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 2.12 EPS for the current year.

Several brokerages have issued reports on SBH. DA Davidson increased their price target on Sally Beauty to $19.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group set a $15.00 price objective on Sally Beauty and gave the stock a “sell” rating in a report on Friday. Zacks Investment Research upgraded Sally Beauty from a “sell” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine upgraded Sally Beauty from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Bank of America increased their price objective on Sally Beauty from $14.00 to $16.00 and gave the stock a “sell” rating in a report on Thursday, October 4th. Four equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Sally Beauty currently has an average rating of “Hold” and an average target price of $16.36.

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Sally Beauty Company Profile

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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