Legal & General Group Plc increased its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,907 shares of the specialty retailer’s stock after purchasing an additional 22,877 shares during the period. Legal & General Group Plc owned approximately 0.12% of Sally Beauty Holdings worth $3,259,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Sally Beauty Holdings by 36.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 91,266 shares of the specialty retailer’s stock valued at $1,836,000 after acquiring an additional 24,246 shares in the last quarter. First Trust Advisors LP lifted its stake in Sally Beauty Holdings by 202.5% in the 2nd quarter. First Trust Advisors LP now owns 99,866 shares of the specialty retailer’s stock valued at $2,022,000 after acquiring an additional 66,850 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in Sally Beauty Holdings by 0.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 501,932 shares of the specialty retailer’s stock valued at $10,164,000 after acquiring an additional 3,276 shares in the last quarter. CAPROCK Group Inc. lifted its stake in Sally Beauty Holdings by 15.7% in the 2nd quarter. CAPROCK Group Inc. now owns 16,890 shares of the specialty retailer’s stock valued at $342,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Cardinal Capital Management bought a new stake in Sally Beauty Holdings in the 2nd quarter valued at approximately $425,000.

In related news, CEO Christian A. Brickman bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward W. Rabin bought 4,250 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the acquisition, the director now directly owns 16,653 shares of the company’s stock, valued at $300,753.18. The disclosure for this purchase can be found here. Insiders bought 34,250 shares of company stock worth $606,555 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

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Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 20.19 on Friday. The firm’s 50 day moving average price is $19.55 and its 200 day moving average price is $19.66. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 12.33 and a beta of 0.66. Sally Beauty Holdings, Inc. has a 52-week low of $17.26 and a 52-week high of $30.17.

Sally Beauty Holdings (NYSE:SBH) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company had revenue of $998.04 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post $1.82 EPS for the current fiscal year.

Sally Beauty Holdings announced that its Board of Directors has approved a share buyback plan on Thursday, August 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have commented on SBH shares. DA Davidson started coverage on Sally Beauty Holdings in a research note on Thursday, July 6th. They issued a “neutral” rating and a $23.00 target price on the stock. BidaskClub cut Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine cut Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC started coverage on Sally Beauty Holdings in a research note on Friday, June 2nd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.50.

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.

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

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