Brandywine Global Investment Management LLC Purchases 4,671 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Posted by on Sep 17th, 2023

Brandywine Global Investment Management LLC lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,873 shares of the specialty retailer’s stock after purchasing an additional 4,671 shares during the period. Brandywine Global Investment Management LLC owned 0.27% of Sally Beauty worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. FMR LLC grew its position in Sally Beauty by 0.3% during the first quarter. FMR LLC now owns 16,099,289 shares of the specialty retailer’s stock worth $250,827,000 after buying an additional 42,542 shares in the last quarter. Vanguard Group Inc. grew its position in Sally Beauty by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,812,947 shares of the specialty retailer’s stock worth $148,844,000 after buying an additional 88,687 shares in the last quarter. Alliancebernstein L.P. grew its position in Sally Beauty by 7.5% during the fourth quarter. Alliancebernstein L.P. now owns 8,610,218 shares of the specialty retailer’s stock worth $107,800,000 after buying an additional 597,088 shares in the last quarter. State Street Corp grew its position in Sally Beauty by 0.5% during the first quarter. State Street Corp now owns 4,370,792 shares of the specialty retailer’s stock worth $68,097,000 after buying an additional 20,108 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Sally Beauty by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,703,486 shares of the specialty retailer’s stock worth $42,119,000 after buying an additional 342,667 shares in the last quarter.

Sally Beauty Trading Down 3.8 %

NYSE SBH opened at $9.14 on Friday. The company has a quick ratio of 0.36, a current ratio of 2.12 and a debt-to-equity ratio of 2.18. Sally Beauty Holdings, Inc. has a twelve month low of $9.08 and a twelve month high of $18.42. The company has a market cap of $985.02 million, a price-to-earnings ratio of 6.13 and a beta of 1.35. The business’s fifty day moving average is $10.93 and its 200 day moving average is $12.48.

Sally Beauty (NYSE:SBH – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Sally Beauty had a return on equity of 52.92% and a net margin of 4.33%. The company had revenue of $931.10 million for the quarter, compared to the consensus estimate of $945.42 million. During the same quarter last year, the business posted $0.55 EPS. Sally Beauty’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Morgan Stanley reduced their target price on Sally Beauty from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, August 22nd. Finally, DA Davidson reduced their target price on Sally Beauty from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

View Our Latest Stock Analysis on SBH

Sally Beauty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sally Beauty (NYSE:SBH)

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