Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 63.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,957 shares of the specialty retailer’s stock after selling 6,952 shares during the period. Meeder Asset Management Inc.’s holdings in Sally Beauty were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBH. Intech Investment Management LLC grew its holdings in Sally Beauty by 96.1% in the 3rd quarter. Intech Investment Management LLC now owns 27,134 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 13,298 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Sally Beauty by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock valued at $34,551,000 after purchasing an additional 80,712 shares during the period. Citigroup Inc. increased its position in Sally Beauty by 22.5% during the third quarter. Citigroup Inc. now owns 331,961 shares of the specialty retailer’s stock worth $4,505,000 after purchasing an additional 60,928 shares during the last quarter. FMR LLC raised its stake in Sally Beauty by 2.6% during the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock worth $208,928,000 after purchasing an additional 387,736 shares during the period. Finally, Walleye Capital LLC boosted its holdings in Sally Beauty by 1,114.5% in the 3rd quarter. Walleye Capital LLC now owns 82,657 shares of the specialty retailer’s stock valued at $1,122,000 after purchasing an additional 75,851 shares during the last quarter.

Sally Beauty Price Performance

Sally Beauty stock opened at $8.94 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 52-week low of $8.25 and a 52-week high of $14.79. The firm has a market cap of $910.96 million, a PE ratio of 5.35 and a beta of 1.54. The company’s 50 day moving average is $9.55 and its two-hundred day moving average is $11.49.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $941.44 million. On average, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SBH. Morgan Stanley reduced 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 report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. DA Davidson lowered their target price on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group assumed coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sally Beauty presently has a consensus rating of “Hold” and an average target price of $12.70.

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.