Maryland State Retirement & Pension System Lowers Holdings in Sally Beauty Holdings, Inc. $SBH

Maryland State Retirement & Pension System trimmed its holdings in Sally Magnificence Holdings, Inc. (NYSE:SBH – Free Report) by 14.5% within the 1st quarter, in keeping with its most up-to-date disclosure with the SEC. The agency owned 29,644 shares of the specialty retailer’s inventory after promoting 5,018 shares in the course of the interval. Maryland State Retirement & Pension System’s holdings in Sally Magnificence have been price $268,000 on the finish of the latest quarter.

Different hedge funds additionally not too long ago added to or decreased their stakes within the firm. Golden State Wealth Administration LLC boosted its place in shares of Sally Magnificence by 100.0% in the course of the first quarter. Golden State Wealth Administration LLC now owns 3,470 shares of the specialty retailer’s inventory price $31,000 after shopping for an extra 1,735 shares in the course of the interval. Parallel Advisors LLC boosted its place in shares of Sally Magnificence by 536.4% in the course of the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer’s inventory price $35,000 after shopping for an extra 3,304 shares in the course of the interval. GAMMA Investing LLC boosted its place in shares of Sally Magnificence by 820.3% in the course of the first quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer’s inventory price $43,000 after shopping for an extra 4,200 shares in the course of the interval. CWM LLC boosted its place in shares of Sally Magnificence by 123.7% in the course of the first quarter. CWM LLC now owns 8,949 shares of the specialty retailer’s inventory price $81,000 after shopping for an extra 4,948 shares in the course of the interval. Lastly, Quarry LP boosted its place in shares of Sally Magnificence by 302.2% in the course of the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer’s inventory price $125,000 after shopping for an extra 9,006 shares in the course of the interval.

Insider Exercise at Sally Magnificence

In different information, Director Diana Sue Ferguson bought 2,500 shares of the inventory in a transaction on Thursday, August seventh. The inventory was purchased at a mean value of $12.02 per share, for a complete transaction of $30,050.00. Following the acquisition, the director instantly owned 7,912 shares of the corporate’s inventory, valued at roughly $95,102.24. The commerce was a 46.19% improve of their place. The acquisition was disclosed in a doc filed with the SEC, which might be accessed by the SEC web site. Additionally, CEO Denise Paulonis bought 4,500 shares of the inventory in a transaction on Friday, August eighth. The shares have been bought at a mean value of $11.74 per share, with a complete worth of $52,830.00. Following the acquisition, the chief govt officer instantly owned 366,865 shares within the firm, valued at $4,306,995.10. This represents a 1.24% improve of their possession of the inventory. The disclosure for this buy might be discovered right here. Insiders personal 1.56% of the corporate’s inventory.

Sally Magnificence Inventory Down 0.5%

Shares of NYSE SBH opened at $13.32 on Tuesday. The inventory has a market cap of $1.32 billion, a P/E ratio of seven.16 and a beta of 1.30. The corporate has a present ratio of two.41, a fast ratio of 0.49 and a debt-to-equity ratio of 1.16. Sally Magnificence Holdings, Inc. has a 12-month low of $7.54 and a 12-month excessive of $14.79. The enterprise’s fifty day easy shifting common is $10.15 and its 200-day easy shifting common is $9.30.

Sally Magnificence (NYSE:SBH – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, August fifth. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The enterprise had income of $933.31 million for the quarter, in comparison with analysts’ expectations of $928.78 million. Sally Magnificence had a return on fairness of 28.11% and a web margin of 5.26%. The corporate’s income for the quarter was down 1.0% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency earned $0.45 earnings per share. As a gaggle, equities analysts predict that Sally Magnificence Holdings, Inc. will submit 1.81 EPS for the present fiscal yr.

Wall Road Analyst Weigh In

A number of analysis analysts have not too long ago commented on SBH shares. Wall Road Zen lowered Sally Magnificence from a “purchase” ranking to a “maintain” ranking in a analysis report on Thursday, Could twenty second. Canaccord Genuity Group raised their value goal on Sally Magnificence from $14.00 to $15.00 and gave the inventory a “purchase” ranking in a analysis report on Wednesday, August sixth. One analyst has rated the inventory with a promote ranking, three have issued a maintain ranking and two have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory at the moment has a consensus ranking of “Maintain” and a mean value goal of $12.88.

Learn Our Newest Inventory Evaluation on SBH

About Sally Magnificence

(Free Report)

Sally Magnificence Holdings, Inc operates as a specialty retailer and distributor {of professional} magnificence provides. The corporate operates by two segments, Sally Magnificence Provide and Magnificence Techniques Group. The Sally Magnificence Provide section presents magnificence merchandise, together with hair coloration and care merchandise, pores and skin and nail care merchandise, styling instruments, and different magnificence merchandise for retail clients, salons, and salon professionals.

Advisable Tales

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