Franklin Resources Inc. Purchases 5,296 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Franklin Resources Inc. raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,619 shares of the specialty retailer’s stock after buying an additional 5,296 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Sally Beauty worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Sally Beauty by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock worth $32,790,000 after acquiring an additional 43,016 shares in the last quarter. Barclays PLC grew its holdings in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Quarry LP increased its position in Sally Beauty by 369.3% during the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,345 shares in the last quarter. Point72 DIFC Ltd bought a new position in Sally Beauty in the 3rd quarter valued at approximately $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in Sally Beauty in the third quarter valued at approximately $1,080,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James raised 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. TD Cowen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a research report on Monday, November 25th. Morgan Stanley boosted their target price 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 raised their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.50.

Insider Activity

In related news, insider Scott C. Sherman sold 13,500 shares of the firm’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 transaction, the insider now directly owns 42,431 shares in the company, valued at $614,825.19. This trade represents a 24.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kim Mcintosh sold 4,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 of the company’s stock, valued at $242,433.05. This represents a 20.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Sally Beauty Stock Down 3.0 %

Sally Beauty stock opened at $10.84 on Friday. 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 company has a market capitalization of $1.10 billion, a P/E ratio of 7.53 and a beta of 1.51. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $12.20. 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 posted its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $935.88 million. Sally Beauty had a return on equity of 31.37% and a net margin of 4.13%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.85 EPS 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.