BNP Paribas Financial Markets Sells 43,771 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

BNP Paribas Financial Markets trimmed its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,534 shares of the specialty retailer’s stock after selling 43,771 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.22% of Sally Beauty worth $3,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Sally Beauty by 0.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,726 shares of the specialty retailer’s stock worth $47,695,000 after acquiring an additional 10,016 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock valued at $35,276,000 after acquiring an additional 833,720 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sally Beauty by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after acquiring an additional 80,712 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Sally Beauty during the second quarter worth about $11,796,000.

Insider Buying and Selling at Sally Beauty

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

Analyst Upgrades and Downgrades

SBH has been the topic of a number of research analyst reports. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Morgan Stanley boosted their target price on Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. DA Davidson lifted their price target 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. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Sally Beauty presently has an average rating of “Hold” and an average price target of $13.50.

Sally Beauty Trading Down 6.9 %

NYSE SBH opened at $12.91 on Friday. The stock’s 50 day moving average is $13.15 and its 200 day moving average is $12.13. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.32 billion, a PE ratio of 8.97 and a beta of 1.51. Sally Beauty Holdings, Inc. has a twelve month low of $9.06 and a twelve month high of $14.79.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $935.88 million. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Research analysts forecast that Sally Beauty Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

About Sally Beauty

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.