Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 37.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,859 shares of the specialty retailer’s stock after acquiring an additional 6,444 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sally Beauty were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. DGS Capital Management LLC raised its holdings in Sally Beauty by 170.9% during the fourth quarter. DGS Capital Management LLC now owns 41,933 shares of the specialty retailer’s stock worth $557,000 after purchasing an additional 26,454 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Sally Beauty in the 4th quarter valued at approximately $716,000. Ballentine Partners LLC lifted its holdings in shares of Sally Beauty by 9.8% in the 4th quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 1,043 shares during the period. Raymond James & Associates purchased a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $3,744,000. Finally, SG Americas Securities LLC acquired a new position in Sally Beauty during the fourth quarter worth $136,000.

Wall Street Analyst Weigh In

A number of research firms have commented on SBH. Piper Sandler reduced their target price on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. TD Cowen decreased their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Finally, DA Davidson increased 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 Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.00.

Sally Beauty Trading Down 1.6 %

Shares of SBH stock opened at $10.78 on Monday. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $14.23. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $11.41. The stock has a market cap of $1.13 billion, a P/E ratio of 6.87 and a beta of 1.49.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The business had revenue of $931.30 million during the quarter, compared to analysts’ expectations of $929.49 million. During the same period last year, the company posted $0.52 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.87 earnings per share 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.