AMG National Trust Bank Boosts Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

AMG National Trust Bank increased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,160 shares of the specialty retailer’s stock after acquiring an additional 2,152 shares during the quarter. AMG National Trust Bank’s holdings in Sally Beauty were worth $702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of SBH. First Trust Advisors LP grew its position in shares of Sally Beauty by 20.0% in the 1st quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer’s stock worth $1,412,000 after buying an additional 12,797 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Sally Beauty by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 125,851 shares of the specialty retailer’s stock valued at $1,679,000 after purchasing an additional 1,085 shares during the period. Diversified Trust Co lifted its stake in shares of Sally Beauty by 15.4% in the 2nd quarter. Diversified Trust Co now owns 29,140 shares of the specialty retailer’s stock valued at $389,000 after purchasing an additional 3,895 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Sally Beauty by 2.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock valued at $650,000 after purchasing an additional 989 shares during the period. Finally, CWM Advisors LLC purchased a new position in shares of Sally Beauty in the 2nd quarter valued at approximately $153,000.

In other Sally Beauty news, insider Mark Gregory Spinks sold 25,000 shares of Sally Beauty stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $18.50, for a total transaction of $462,500.00. Following the completion of the transaction, the insider now owns 53,575 shares in the company, valued at $991,137.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by insiders.

NYSE:SBH traded up $0.36 during trading hours on Wednesday, reaching $18.67. 1,967,205 shares of the company traded hands, compared to its average volume of 1,806,116. The business’s 50-day moving average price is $17.49 and its two-hundred day moving average price is $14.74. The stock has a market capitalization of $2.13 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.10 and a beta of 0.51. Sally Beauty Holdings, Inc. has a 1 year low of $11.46 and a 1 year high of $21.98.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $965.94 million during the quarter, compared to analysts’ expectations of $955.06 million. Sally Beauty had a negative return on equity of 221.38% and a net margin of 7.01%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 2.33 EPS for the current fiscal year.

A number of research analysts have recently commented on SBH shares. ValuEngine cut Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. DA Davidson cut Sally Beauty from a “neutral” rating to an “underperform” rating and raised their target price for the company from $12.50 to $15.00 in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.83.

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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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

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