Thrivent Financial for Lutherans Sells 5,328 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Thrivent Financial for Lutherans lowered its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,604 shares of the specialty retailer’s stock after selling 5,328 shares during the period. Thrivent Financial for Lutherans’ holdings in Sally Beauty were worth $1,094,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Sally Beauty by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 332,400 shares of the specialty retailer’s stock valued at $4,511,000 after purchasing an additional 16,884 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Sally Beauty by 0.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after buying an additional 10,016 shares during the period. GSA Capital Partners LLP boosted its position 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 in the last quarter. nVerses Capital LLC purchased a new position in shares of Sally Beauty during the 3rd quarter worth approximately $94,000. Finally, Creative Planning raised its position in shares of Sally Beauty by 9.7% in the 3rd quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock worth $516,000 after acquiring an additional 3,349 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SBH shares. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday, November 23rd. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley upped their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Finally, DA Davidson lifted their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.50.

Insider Buying and Selling at Sally Beauty

In related news, insider Scott C. Sherman sold 13,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now directly owns 42,431 shares of the company’s stock, valued at $614,825.19. This trade represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of Sally Beauty stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.53, for a total value of $62,479.00. Following the completion of the sale, the chief accounting officer now owns 16,685 shares of the company’s stock, valued at $242,433.05. The trade was a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Sally Beauty Stock Performance

Shares of Sally Beauty stock opened at $13.93 on Monday. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.79. The firm’s 50-day moving average is $13.12 and its 200 day moving average is $12.07. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 9.67 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45.

Sally Beauty (NYSE:SBH) last issued 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. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.85 EPS for the current fiscal 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.