Sally Beauty Holdings, Inc. (SBH) Lifted to "Hold" at BidaskClub

KBC Group NV cut its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Another trade for 50,000 shares valued at $8.23 million was made by COXE TENCH on Friday, June 9.

Sally Beauty Holdings, Inc.is an worldwide specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Sally Beauty Holdings, Inc. Insiders have bought a total of 61,750 shares of company stock worth $1,130,860 over the last quarter. Empire Life Investments Inc. augmented its stake by buying 1,151 shares an increase of 7.3% in the quarter. Following the completion of the sale, the senior vice president now owns 6,999 shares in the company, valued at approximately $139,980. State Treasurer State of MI boosted its position in shares of Sally Beauty Holdings by 0.5% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer's stock valued at $152,000 after buying an additional 784 shares during the last quarter. BlackRock Inc. raised its stake in shares of Sally Beauty Holdings by 13,327.3% in the first quarter. Sally Beauty Holdings had 30 analyst reports since August 5, 2015 according to SRatingsIntel.

08/05/2016 - Sally Beauty Holdings, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. The firm has a market cap of $2.72 billion, a P/E ratio of 12.193 and a beta of 0.66. Piper Jaffray has "Neutral" rating and $31 target. They issued a "hold" rating on the stock. (NYSE:SBH) was up +0.26% during the last trading session, with a day high of 19.79.

Last time, the company shocked Wall Street by reporting EPS of $0.44, smashing the consensus of $0.41 per share. The business had revenue of $966.50 million during the quarter, compared to analyst estimates of $986.09 million. Sally Beauty Holdings, Inc. has a 52-week low of 17.26 and a 52-week high of 30.73. The company's quarterly revenue was down 1.4% on a year-over-year basis. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.49.

ILLEGAL ACTIVITY NOTICE: "Sally Beauty Holdings, Inc". KeyBanc Capital Markets upgraded the shares of SBH in report on Tuesday, December 15 to "Overweight" rating. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of global trademark and copyright legislation.

02/05/2016 - Sally Beauty Holdings, Inc. had its " rating reiterated by analysts at Nomura. Sally Beauty Holdings Inc now has $2.61B valuation. Finally, DA Davidson initiated coverage on shares of Sally Beauty Holdings in a research note on Thursday, July 6th. Zacks Investment Research upgraded Sally Beauty Holdings from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Jefferies Group LLC began coverage on shares of Sally Beauty Holdings in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. ValuEngine lowered shares of Sally Beauty Holdings from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 10,000 shares of the business's stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $19.88 per share, with a total value of $198,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The shares were acquired at an average cost of $18.03 per share, with a total value of $99,165.00. Following the completion of the acquisition, the insider now owns 40,630 shares of the company's stock, valued at $732,558.90.

The counter witnessed a trading volume of 1.99 million shares versus an average volume of 2.31 million shares during last trading session.

11/18/2015 - Sally Beauty Holdings, Inc. was upgraded to " by analysts at Goldman Sachs. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and worldwide 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.