Fisher Asset Management LLC Sells 170,106 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Fisher Asset Management LLC cut its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,507,921 shares of the specialty retailer’s stock after selling 170,106 shares during the period. Fisher Asset Management LLC owned about 2.46% of Sally Beauty worth $26,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $771,000. Barclays PLC increased its position in shares of Sally Beauty by 36.6% during the third 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 period. FMR LLC increased its position in shares of Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares during the period. Access Investment Management LLC increased its position in shares of Sally Beauty by 21.5% during the fourth quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer’s stock valued at $3,175,000 after purchasing an additional 53,670 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Sally Beauty by 306.7% in the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, November 25th. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.70.

Sally Beauty Price Performance

Shares of SBH stock opened at $8.76 on Tuesday. Sally Beauty Holdings, Inc. has a 1 year low of $8.68 and a 1 year high of $14.79. The firm’s 50 day moving average is $10.36 and its 200-day moving average is $12.05. The firm has a market capitalization of $893.12 million, a price-to-earnings ratio of 5.25 and a beta of 1.55. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last announced its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 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.