Hancock Whitney Corp lessened its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 20.1% in the 4th quarter, Holdings Channel reports. The fund owned 203,860 shares of the specialty retailer’s stock after selling 51,393 shares during the period. Hancock Whitney Corp’s holdings in Sally Beauty were worth $3,720,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Sally Beauty by 17.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,176 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 634 shares during the period. Empirical Finance LLC lifted its stake in shares of Sally Beauty by 1.2% in the 4th quarter. Empirical Finance LLC now owns 54,840 shares of the specialty retailer’s stock worth $1,001,000 after acquiring an additional 653 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Sally Beauty by 10.2% in the 3rd quarter. Dupont Capital Management Corp now owns 15,393 shares of the specialty retailer’s stock worth $229,000 after acquiring an additional 1,429 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sally Beauty by 23.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,686 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 1,464 shares during the period. Finally, CWM LLC lifted its stake in shares of Sally Beauty by 1,273.4% in the 3rd quarter. CWM LLC now owns 1,703 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 1,579 shares during the period.
Shares of NYSE SBH opened at $13.50 on Friday. The company has a quick ratio of 0.33, a current ratio of 2.00 and a debt-to-equity ratio of 717.80. Sally Beauty Holdings, Inc. has a 52 week low of $11.46 and a 52 week high of $21.98. The firm has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.68. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 1.49 and a beta of 0.55.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 6th. The specialty retailer reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.09). Sally Beauty had a net margin of 6.70% and a negative return on equity of 376.67%. The company had revenue of $980.21 million during the quarter, compared to analyst estimates of $995.21 million. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts expect that Sally Beauty Holdings, Inc. will post 2.31 EPS for the current fiscal year.
In related news, Director Edward W. Rabin acquired 9,000 shares of Sally Beauty stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average price of $13.43 per share, for a total transaction of $120,870.00. Also, insider Mark Gregory Spinks sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $18.50, for a total transaction of $462,500.00. Following the completion of the sale, the insider now owns 53,575 shares of the company’s stock, valued at approximately $991,137.50. The disclosure for this sale can be found here. 2.62% of the stock is owned by company insiders.
SBH has been the subject of several recent analyst reports. DA Davidson upgraded shares of Sally Beauty from an “underperform” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Tuesday, January 21st. ValuEngine cut shares of Sally Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Sally Beauty has a consensus rating of “Hold” and an average price target of $15.40.
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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