Jupiter Asset Management Ltd. Sells 377,735 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Jupiter Asset Management Ltd. decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715,797 shares of the specialty retailer’s stock after selling 377,735 shares during the period. Jupiter Asset Management Ltd. owned approximately 1.68% of Sally Beauty worth $17,930,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in Sally Beauty by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock valued at $2,000,000 after acquiring an additional 4,525 shares during the period. Victory Capital Management Inc. lifted its position in Sally Beauty by 0.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock valued at $47,695,000 after purchasing an additional 10,016 shares during the period. Empowered Funds LLC boosted its holdings in Sally Beauty by 5.4% in the third quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock worth $4,511,000 after purchasing an additional 16,884 shares during the last quarter. LMR Partners LLP bought a new stake in Sally Beauty in the 3rd quarter worth approximately $157,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sally Beauty in the third quarter worth $771,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SBH. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Canaccord Genuity Group initiated coverage on Sally Beauty in a report on Thursday, January 16th. They set a “buy” rating and a $14.00 price target for the company. Morgan Stanley decreased their price objective on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Stock Performance

SBH stock opened at $9.09 on Thursday. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $11.86. Sally Beauty Holdings, Inc. has a twelve month low of $8.52 and a twelve month high of $14.79. The firm has a market cap of $926.35 million, a price-to-earnings ratio of 5.44 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate 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 return on equity of 30.35% and a net margin of 4.73%. Analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

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