Hodges Capital Management Inc. Has $6.46 Million Holdings in Sally Beauty Holdings, Inc. (SBH)

Hodges Capital Management Inc. lessened its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350,870 shares of the specialty retailer’s stock after selling 42,270 shares during the quarter. Hodges Capital Management Inc. owned about 0.29% of Sally Beauty worth $6,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBH. Truvestments Capital LLC acquired a new stake in shares of Sally Beauty during the 1st quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund increased its position in Sally Beauty by 1,585.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock worth $48,000 after buying an additional 766,117 shares during the period. Strs Ohio acquired a new stake in Sally Beauty in the fourth quarter worth $83,000. Dupont Capital Management Corp acquired a new stake in Sally Beauty in the fourth quarter worth $132,000. Finally, Advisor Group Inc. increased its position in Sally Beauty by 188.2% in the fourth quarter. Advisor Group Inc. now owns 8,744 shares of the specialty retailer’s stock worth $149,000 after buying an additional 5,710 shares during the period.

Shares of SBH traded up $0.02 during trading hours on Monday, reaching $18.27. 731,924 shares of the company’s stock traded hands, compared to its average volume of 1,513,642. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 2.14 and a beta of 0.44. Sally Beauty Holdings, Inc. has a twelve month low of $13.72 and a twelve month high of $23.61.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $989.45 million for the quarter, compared to analyst estimates of $992.83 million. Sally Beauty had a negative return on equity of 96.26% and a net margin of 6.12%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

In related news, CFO Aaron E. Alt purchased 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was acquired at an average price of $18.66 per share, for a total transaction of $50,382.00. Following the transaction, the chief financial officer now directly owns 91,091 shares of the company’s stock, valued at approximately $1,699,758.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward W. Rabin purchased 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was bought at an average price of $17.65 per share, with a total value of $79,425.00. Following the transaction, the director now directly owns 19,732 shares in the company, valued at $348,269.80. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

Several brokerages have weighed in on SBH. Wells Fargo & Co set a $18.00 target price on Sally Beauty and gave the stock a “hold” rating in a research report on Tuesday, February 5th. Zacks Investment Research lowered Sally Beauty from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine lowered Sally Beauty from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Citigroup began coverage on Sally Beauty in a research report on Thursday, December 20th. They issued an “underweight” rating on the stock. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.56.

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Sally Beauty Company 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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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

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