Great West Life Assurance Co. Can grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,939 shares of the specialty retailer’s stock after acquiring an additional 5,515 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Sally Beauty worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ardevora Asset Management LLP bought a new stake in Sally Beauty during the fourth quarter worth $31,597,000. FMR LLC boosted its position in Sally Beauty by 9.8% in the third quarter. FMR LLC now owns 16,553,796 shares of the specialty retailer’s stock worth $304,424,000 after purchasing an additional 1,478,733 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Sally Beauty by 1,585.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 766,117 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Sally Beauty in the fourth quarter worth $8,965,000. Finally, PNC Financial Services Group Inc. boosted its position in Sally Beauty by 1,343.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 428,423 shares of the specialty retailer’s stock worth $7,305,000 after purchasing an additional 398,750 shares during the last quarter.
NYSE SBH traded up $0.09 during trading on Friday, reaching $18.62. The company’s stock had a trading volume of 883,517 shares, compared to its average volume of 1,066,284. The firm has a market capitalization of $2.24 billion, a P/E ratio of 8.62, a P/E/G ratio of 2.12 and a beta of 0.44. Sally Beauty Holdings, Inc. has a one year low of $13.72 and a one year high of $23.61.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Sally Beauty from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, April 16th. ValuEngine raised Sally Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Wells Fargo & Co set a $18.00 price target on Sally Beauty and gave the company a “hold” rating in a research report on Tuesday, February 5th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.22.
In other news, Director Edward W. Rabin acquired 4,500 shares of Sally Beauty stock in a transaction dated Thursday, February 7th. The shares were purchased at an average cost of $17.65 per share, for a total transaction of $79,425.00. Following the transaction, the director now owns 19,732 shares of the company’s stock, valued at $348,269.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aaron E. Alt acquired 2,700 shares of Sally Beauty stock in a transaction dated Thursday, February 14th. The shares were purchased at an average price of $18.66 per share, for a total transaction of $50,382.00. Following the completion of the transaction, the chief financial officer now directly owns 91,091 shares in the company, valued at approximately $1,699,758.06. The disclosure for this purchase can be found here. 1.04% of the stock is owned by corporate insiders.
Sally Beauty Company 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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