Pax World Management buys $16,901,606 stake in Sally Beauty Holdings (SBH)

Sally Beauty Holdings (SBH) : Pax World Management scooped up 21,491 additional shares in Sally Beauty Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 628,780 shares of Sally Beauty Holdings which is valued at $16,901,606.Sally Beauty Holdings makes up approximately 0.95% of Pax World Management’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in SBH by selling 39,096 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 826,159 shares of SBH which is valued at $22,207,154. Sally Beauty Holdings makes up approx 0.20% of Blair William Coil’s portfolio.First Trust Advisors Lp boosted its stake in SBH in the latest quarter, The investment management firm added 382,200 additional shares and now holds a total of 753,118 shares of Sally Beauty Holdings which is valued at $19,950,096. Sally Beauty Holdings makes up approx 0.06% of First Trust Advisors Lp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SBH in the latest quarter, The investment management firm added 22,904 additional shares and now holds a total of 204,042 shares of Sally Beauty Holdings which is valued at $5,405,073. Sally Beauty Holdings makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio. British Airways Pensions Investment Management Ltd sold out all of its stake in SBH during the most recent quarter. The investment firm sold 463,270 shares of SBH which is valued $13,634,036. Cutler Group Lp added SBH to its portfolio by purchasing 1,576 company shares during the most recent quarter which is valued at $47,847.

Sally Beauty Holdings opened for trading at $27.1 and hit $27.52 on the upside on Monday, eventually ending the session at $27.38, with a gain of 1.18% or 0.32 points. The heightened volatility saw the trading volume jump to 11,40,988 shares. Company has a market cap of $4,010 M.

On the company’s financial health, Sally Beauty Holdings reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $998.20 million for the quarter, compared to analysts expectations of $1004.28 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Sally Beauty Holdings. Sally Beauty Holdings was Upgraded by Wells Fargo to ” Market Perform” on Jun 2, 2016.

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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