Jackson Square Partners Lowers stake in Sally Beauty Holdings (SBH)

Sally Beauty Holdings (SBH) : Jackson Square Partners reduced its stake in Sally Beauty Holdings by 28.85% during the most recent quarter end. The investment management company now holds a total of 6,592,673 shares of Sally Beauty Holdings which is valued at $191,978,638 after selling 2,673,271 shares in Sally Beauty Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Sally Beauty Holdings makes up approximately 0.91% of Jackson Square Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in SBH during the most recent quarter. The investment firm sold 263,001 shares of SBH which is valued $7,658,589.Emerald Acquisition Ltd. reduced its stake in SBH by selling 150,572 shares or 13.34% in the most recent quarter. The Hedge Fund company now holds 978,112 shares of SBH which is valued at $26,144,934. Sally Beauty Holdings makes up approx 0.05% of Emerald Acquisition Ltd.’s portfolio.Lsv Asset Management boosted its stake in SBH in the latest quarter, The investment management firm added 46,500 additional shares and now holds a total of 789,500 shares of Sally Beauty Holdings which is valued at $20,345,415. Sally Beauty Holdings makes up approx 0.04% of Lsv Asset Management’s portfolio.Neuberger Berman Group boosted its stake in SBH in the latest quarter, The investment management firm added 268,248 additional shares and now holds a total of 3,049,906 shares of Sally Beauty Holdings which is valued at $78,565,579. Sally Beauty Holdings makes up approx 0.11% of Neuberger Berman Group’s portfolio.Btim Corp. boosted its stake in SBH in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 1,106,972 shares of Sally Beauty Holdings which is valued at $28,781,272. Sally Beauty Holdings makes up approx 0.48% of Btim Corp.’s portfolio.

Sally Beauty Holdings closed down -0.64 points or -2.38% at $26.22 with 19,86,365 shares getting traded on Monday. Post opening the session at $26.46, the shares hit an intraday low of $25.83 and an intraday high of $26.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Sally Beauty Holdings reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 15, 2016. Analyst had a consensus of $0.42. The company had revenue of $976.36 million for the quarter, compared to analysts expectations of $989.05 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Sally Beauty Holdings Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies including hair color products hair care products styling appliances brushes nail care products ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers grocery stores mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color hair care skin and nail care beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

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