Credit Suisse AG Increases Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Credit Suisse AG boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 15.3% during the first quarter, Holdings Channel reports. The fund owned 183,855 shares of the specialty retailer’s stock after buying an additional 24,344 shares during the period. Credit Suisse AG’s holdings in Sally Beauty Holdings were worth $3,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SBH. BlackRock Inc. boosted its stake in shares of Sally Beauty Holdings by 13,327.3% in the first quarter. BlackRock Inc. now owns 11,424,731 shares of the specialty retailer’s stock valued at $233,521,000 after buying an additional 11,339,645 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Sally Beauty Holdings by 79.9% in the first quarter. Nordea Investment Management AB now owns 4,856,164 shares of the specialty retailer’s stock valued at $99,260,000 after buying an additional 2,156,191 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Sally Beauty Holdings by 426.8% in the first quarter. Schroder Investment Management Group now owns 1,559,315 shares of the specialty retailer’s stock valued at $31,732,000 after buying an additional 1,263,307 shares during the last quarter. Cove Street Capital LLC purchased a new stake in shares of Sally Beauty Holdings during the first quarter valued at about $22,661,000. Finally, Morgan Stanley boosted its stake in shares of Sally Beauty Holdings by 152.9% in the first quarter. Morgan Stanley now owns 1,806,539 shares of the specialty retailer’s stock valued at $36,926,000 after buying an additional 1,092,202 shares during the last quarter.

Shares of Sally Beauty Holdings, Inc. (NYSE SBH) opened at 20.45 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 12.69 and a beta of 0.66. The stock’s 50 day moving average price is $19.69 and its 200-day moving average price is $20.71. Sally Beauty Holdings, Inc. has a 12 month low of $17.26 and a 12 month high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last announced its quarterly earnings results on Thursday, May 4th. The specialty retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $966.50 million during the quarter, compared to analysts’ expectations of $986.09 million. Sally Beauty Holdings had a net margin of 5.92% and a negative return on equity of 84.81%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post $1.76 earnings per share for the current fiscal year.

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Several analysts have issued reports on SBH shares. Zacks Investment Research cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC started coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They set a “hold” rating on the stock. BidaskClub cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, DA Davidson started coverage on Sally Beauty Holdings in a research note on Thursday, July 6th. They set a “neutral” rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.90.

In other Sally Beauty Holdings news, SVP Matthew Olen Haltom sold 3,060 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $20.00, for a total transaction of $61,200.00. Following the completion of the transaction, the senior vice president now owns 6,999 shares in the company, valued at $139,980. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christian A. Brickman purchased 10,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were acquired at an average price of $19.88 per share, with a total value of $198,800.00. Following the purchase, the chief executive officer now owns 142,543 shares of the company’s stock, valued at $2,833,754.84. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 61,750 shares of company stock valued at $1,130,860. Corporate insiders own 0.97% of the company’s stock.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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