Algert Global LLC Purchases 207,925 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Algert Global LLC boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 255.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,395 shares of the specialty retailer's stock after purchasing an additional 207,925 shares during the quarter. Algert Global LLC owned about 0.28% of Sally Beauty worth $3,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Sally Beauty by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after buying an additional 59,478 shares in the last quarter. M&T Bank Corp increased its stake in Sally Beauty by 127.4% in the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after acquiring an additional 36,057 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Sally Beauty in the fourth quarter worth about $3,177,000. Vanguard Group Inc. lifted its stake in Sally Beauty by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock worth $129,880,000 after purchasing an additional 279,222 shares during the period. Finally, Barclays PLC boosted its holdings in Sally Beauty by 36.6% during the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after purchasing an additional 56,879 shares in the last quarter.

Sally Beauty Stock Down 1.8 %

SBH traded down $0.15 during trading on Friday, reaching $8.20. 2,215,466 shares of the stock were exchanged, compared to its average volume of 1,780,998. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The stock's 50 day moving average price is $8.51 and its two-hundred day moving average price is $10.50. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The stock has a market cap of $836.02 million, a P/E ratio of 4.91 and a beta of 1.33.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBH. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 target price for the company. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley decreased their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Finally, DA Davidson cut their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.70.

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.