Arrowpoint Asset Management buys $97,098,505 stake in Sally Beauty Holdings (SBH)

Sally Beauty Holdings (SBH) : Arrowpoint Asset Management scooped up 149,550 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 15, 2016. The investment management firm now holds a total of 3,588,267 shares of Sally Beauty Holdings which is valued at $97,098,505.Sally Beauty Holdings makes up approximately 1.89% of Arrowpoint Asset Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in SBH in the latest quarter, The investment management firm added 5,463 additional shares and now holds a total of 319,522 shares of Sally Beauty Holdings which is valued at $8,646,265. Sally Beauty Holdings makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.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.California State Teachers Retirement System reduced its stake in SBH by selling 1,252 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 309,279 shares of SBH which is valued at $9,231,978. Sally Beauty Holdings makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Ngam Advisors boosted its stake in SBH in the latest quarter, The investment management firm added 6,258 additional shares and now holds a total of 134,890 shares of Sally Beauty Holdings which is valued at $4,026,467. Sally Beauty Holdings makes up approx 0.05% of Ngam Advisors’s portfolio.

Sally Beauty Holdings opened for trading at $27.3 and hit $27.46 on the upside on Thursday, eventually ending the session at $27.41, with a gain of 0.70% or 0.19 points. The heightened volatility saw the trading volume jump to 7,73,661 shares. Company has a market cap of $4,014 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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