Sally Beauty Holdings, Inc. (SBH) Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 63.5% during the first quarter, Holdings Channel reports. The firm owned 29,057 shares of the specialty retailer’s stock after selling 50,608 shares during the period. State of Wisconsin Investment Board’s holdings in Sally Beauty Holdings were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Sally Beauty Holdings during the fourth quarter valued at approximately $40,707,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Sally Beauty Holdings by 40.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,494,579 shares of the specialty retailer’s stock valued at $50,989,000 after buying an additional 715,408 shares during the period. First Quadrant L P CA bought a new stake in Sally Beauty Holdings during the first quarter valued at approximately $11,551,000. FMR LLC boosted its stake in Sally Beauty Holdings by 5.7% in the fourth quarter. FMR LLC now owns 9,776,428 shares of the specialty retailer’s stock valued at $258,293,000 after buying an additional 531,570 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Sally Beauty Holdings by 62.2% in the first quarter. Ameriprise Financial Inc. now owns 604,587 shares of the specialty retailer’s stock valued at $12,358,000 after buying an additional 231,793 shares during the period.

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

Sally Beauty Holdings, Inc. (NYSE SBH) opened at 19.18 on Friday. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.90 and a beta of 0.65. Sally Beauty Holdings, Inc. has a one year low of $17.26 and a one year high of $30.73. The company has a 50-day moving average of $18.91 and a 200 day moving average of $22.12.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, May 4th. The specialty retailer reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $966.50 million for the quarter, compared to analyst estimates of $986.09 million. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post $1.76 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.wkrb13.com/markets/2229812/sally-beauty-holdings-inc-sbh-shares-sold-by-state-of-wisconsin-investment-board.html.

SBH has been the topic of several research analyst reports. Zacks Investment Research cut shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a report on Friday, June 2nd. They issued a “hold” rating on the stock. ValuEngine lowered shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Robert W. Baird set a $26.00 price objective on shares of Sally Beauty Holdings and gave the company a “buy” rating in a report on Saturday, May 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.56.

In other news, insider Robert R. Mcmaster purchased 5,500 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $18.03 per share, for a total transaction of $99,165.00. Following the transaction, the insider now owns 40,630 shares of the company’s stock, valued at $732,558.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christian A. Brickman purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was purchased at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the transaction, the chief executive officer now directly owns 142,543 shares in the company, valued at approximately $2,833,754.84. The disclosure for this purchase can be found here. Insiders bought a total of 61,750 shares of company stock worth $1,130,860 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Sally Beauty Holdings Company Profile

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.

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229812/sally-beauty-holdings-inc-sbh-shares-sold-by-state-of-wisconsin-investment-board.html

Receive News & Ratings for Sally Beauty Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.