Algert Global LLC Raises Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Algert Global LLC raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 672.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,470 shares of the specialty retailer’s stock after buying an additional 70,923 shares during the quarter. Algert Global LLC owned approximately 0.08% of Sally Beauty worth $1,106,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in Sally Beauty by 22.5% in the 3rd quarter. Citigroup Inc. now owns 331,961 shares of the specialty retailer’s stock valued at $4,505,000 after buying an additional 60,928 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sally Beauty by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after buying an additional 80,712 shares in the last quarter. Intech Investment Management LLC grew its holdings in Sally Beauty by 96.1% in the 3rd quarter. Intech Investment Management LLC now owns 27,134 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 13,298 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Sally Beauty in the 3rd quarter valued at $771,000. Finally, LMR Partners LLP purchased a new stake in Sally Beauty in the 3rd quarter valued at $157,000.

Insider Buying and Selling

In other Sally Beauty news, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total transaction of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. This represents a 20.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott C. Sherman sold 13,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.49, for a total value of $195,615.00. Following the sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on SBH shares. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. DA Davidson upped their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research note on Monday. Finally, Morgan Stanley upped their price target on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.50.

Sally Beauty Price Performance

SBH opened at $14.14 on Friday. The stock’s 50-day moving average price is $13.10 and its 200 day moving average price is $12.03. Sally Beauty Holdings, Inc. has a 12-month low of $9.06 and a 12-month high of $14.79. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 9.82 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the prior year, the company earned $0.42 EPS. Sally Beauty’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.84 earnings per share for the current 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.