Hancock Whitney Corp Has $552,000 Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Hancock Whitney Corp raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 40,661 shares of the specialty retailer’s stock after purchasing an additional 773 shares during the quarter. Hancock Whitney Corp’s holdings in Sally Beauty were worth $552,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in Sally Beauty during the first quarter worth approximately $64,000. nVerses Capital LLC acquired a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $94,000. Quest Partners LLC increased its stake in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 7,243 shares in the last quarter. Algert Global LLC acquired a new position in shares of Sally Beauty during the 2nd quarter valued at $113,000. Finally, Meeder Asset Management Inc. bought a new position in Sally Beauty during the second quarter worth $117,000.

Analysts Set New Price Targets

Several analysts have recently commented on SBH shares. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen upgraded Sally Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a report on Monday. Raymond James upgraded Sally Beauty from an “underperform” rating to a “market perform” rating in a report on Friday, November 15th. Morgan Stanley lifted their price target on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. Finally, DA Davidson upped their price objective on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Insider Buying and Selling

In other news, insider Scott C. Sherman sold 13,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.49, for a total transaction of $195,615.00. Following the sale, the insider now owns 42,431 shares in the company, valued at approximately $614,825.19. This trade represents a 24.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kim Mcintosh sold 4,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.53, for a total value of $62,479.00. Following the sale, the chief accounting officer now owns 16,685 shares in the company, valued at $242,433.05. The trade was a 20.49 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Sally Beauty Stock Performance

Shares of SBH opened at $14.22 on Wednesday. Sally Beauty Holdings, Inc. has a 1 year low of $9.06 and a 1 year high of $14.64. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.20 and a quick ratio of 0.45. The stock’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $11.99. The firm has a market cap of $1.45 billion, a PE ratio of 9.88 and a beta of 1.53.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter last year, the business earned $0.42 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.84 EPS for the current year.

Sally Beauty 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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.