Great Lakes Advisors LLC Sells 27,262 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Great Lakes Advisors LLC lowered its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,823 shares of the specialty retailer’s stock after selling 27,262 shares during the period. Great Lakes Advisors LLC’s holdings in Sally Beauty were worth $2,715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its position in Sally Beauty by 22,060.0% in the 4th quarter. AlphaQuest LLC now owns 24,376 shares of the specialty retailer’s stock worth $255,000 after purchasing an additional 24,266 shares during the period. Amundi grew its position in Sally Beauty by 1,215.4% in the 4th quarter. Amundi now owns 237,700 shares of the specialty retailer’s stock worth $2,555,000 after purchasing an additional 219,630 shares during the period. PNC Financial Services Group Inc. grew its position in Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 1,090 shares during the period. M&T Bank Corp grew its position in Sally Beauty by 127.4% in the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer’s stock worth $672,000 after purchasing an additional 36,057 shares during the period. Finally, Wealth Advisory Solutions LLC bought a new stake in Sally Beauty in the 4th quarter worth approximately $105,000.

Sally Beauty Stock Up 1.8 %

SBH opened at $9.14 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $14.79. The firm’s fifty day moving average is $10.07 and its 200 day moving average is $11.81. The stock has a market cap of $931.35 million, a price-to-earnings ratio of 5.47 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last released its earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting 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 analysts’ expectations of $941.44 million. On average, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SBH. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price for the company. TD Cowen raised 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 dropped their price target on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson dropped their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.70.

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.