Cornercap Investment Counsel Inc. Decreases Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Cornercap Investment Counsel Inc. decreased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 53.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,332 shares of the specialty retailer’s stock after selling 27,733 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Sally Beauty were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake 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 valued at $47,695,000 after buying an additional 10,016 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Sally Beauty by 3.2% in the 3rd quarter. GSA Capital Partners LLP now owns 147,407 shares of the specialty retailer’s stock valued at $2,000,000 after acquiring an additional 4,525 shares during the last quarter. nVerses Capital LLC acquired a new position in Sally Beauty in the 3rd quarter valued at $94,000. Creative Planning raised its holdings in Sally Beauty by 9.7% in the 3rd quarter. Creative Planning now owns 38,046 shares of the specialty retailer’s stock valued at $516,000 after acquiring an additional 3,349 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Sally Beauty during the 2nd quarter worth $182,000.

Sally Beauty Stock Performance

Shares of NYSE SBH opened at $13.41 on Monday. The firm’s 50-day moving average price is $12.96 and its two-hundred day moving average price is $11.88. Sally Beauty Holdings, Inc. has a 52-week low of $8.59 and a 52-week high of $14.36. The stock has a market capitalization of $1.38 billion, a P/E ratio of 9.31 and a beta of 1.53. The company has a quick ratio of 0.40, a current ratio of 2.20 and a debt-to-equity ratio of 1.56.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, November 14th. The specialty retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley upped their price objective on Sally Beauty from $8.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday. TD Cowen upped their price objective on Sally Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Friday. Finally, DA Davidson increased their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and a consensus price target of $13.00.

Sally Beauty 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.