Meeder Asset Management Inc. buy shares at 10,909 Sally Beauty Holdings, Inc. (NYSE:SBH)

Meeder Asset Management Inc. acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,909 shares of the specialty retailer’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SBH. Quadrant Capital Group LLC boosted its holdings in Sally Beauty by 168.6% in the 4th quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 2,829 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Sally Beauty in the first quarter worth $64,000. Quest Partners LLC raised its stake in shares of Sally Beauty by 16,095.6% in the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Sally Beauty by 16.4% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 2,400 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Sally Beauty by 29.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 17,897 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 4,117 shares during the period.

The Wall Street analyst weighs in

SBH has been the subject of several research reports. StockNews.com downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Piper Sandler reduced their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, DA Davidson reissued a “neutral” rating and issued a $12.00 target price on shares of Sally Beauty in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Sally Beauty currently has a consensus rating of “Hold” and an average price target of $11.00, according to MarketBeat.com.

Read our latest review of SBH

Sally Beauty stock rose 3.5%

Shares of SBH opened at $12.94 on Friday. The company’s 50-day moving average price is $11.66 and its 200-day moving average price is $11.41. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 8.80 and a beta of 1.54. Sally Beauty Holdings, Inc. it has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.40, and a current ratio of 2.12.

Sally Beauty (NYSE:SBH – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $942.30 million for the quarter, compared to the consensus estimate of $931.77 million. Sally Beauty had a net margin of 3.99% and a return on equity of 31.88%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of $0.49. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.66 EPS for the current fiscal year.

Sally Beauty Company Profile

(Free Report)

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty products. 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 to retail customers, salons and salon professionals.

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