Charles Schwab Investment Management Inc. Grows Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Charles Schwab Investment Management Inc. grew its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,605,586 shares of the specialty retailer’s stock after buying an additional 59,478 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sally Beauty were worth $27,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Quarry LP grew its stake in Sally Beauty by 369.3% in the 3rd quarter. Quarry LP now owns 2,980 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,345 shares in the last quarter. R Squared Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth $56,000. KBC Group NV grew its position in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Sally Beauty during the 3rd quarter valued at $64,000. Finally, EMC Capital Management lifted its holdings in Sally Beauty by 105.5% during the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 6,436 shares in the last quarter.

Analyst Ratings Changes

SBH has been the subject of a number of recent analyst reports. DA Davidson reduced their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley reduced their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a report on Monday, November 25th. Finally, Canaccord Genuity Group assumed coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.70.

Sally Beauty Stock Down 1.7 %

Shares of NYSE:SBH opened at $8.97 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The firm has a market capitalization of $914.02 million, a PE ratio of 5.37 and a beta of 1.54. The firm has a fifty day moving average of $10.04 and a 200 day moving average of $11.77. Sally Beauty Holdings, Inc. has a 52-week low of $8.52 and a 52-week high of $14.79.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $937.90 million during 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%. As a group, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS 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.