ArrowMark Colorado Holdings LLC Grows Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

ArrowMark Colorado Holdings LLC increased its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,022,723 shares of the specialty retailer's stock after purchasing an additional 214,108 shares during the period. ArrowMark Colorado Holdings LLC owned 3.95% of Sally Beauty worth $42,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXA S.A. raised its position in Sally Beauty by 6.3% in the fourth quarter. AXA S.A. now owns 177,001 shares of the specialty retailer's stock worth $1,850,000 after acquiring an additional 10,482 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Sally Beauty by 1,116.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 232,981 shares of the specialty retailer's stock worth $2,435,000 after buying an additional 213,821 shares during the last quarter. Northern Trust Corp grew its stake in Sally Beauty by 6.6% in the 4th quarter. Northern Trust Corp now owns 1,338,087 shares of the specialty retailer's stock valued at $13,983,000 after buying an additional 82,714 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Sally Beauty during the fourth quarter worth approximately $753,000. Finally, Quarry LP grew its holdings in shares of Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after purchasing an additional 9,006 shares in the last quarter.

Sally Beauty Price Performance

Shares of NYSE SBH traded up $0.31 during mid-day trading on Thursday, reaching $8.34. The company had a trading volume of 844,551 shares, compared to its average volume of 1,775,857. The firm has a market cap of $850.30 million, a price-to-earnings ratio of 4.99 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The business's 50-day simple moving average is $8.53 and its 200 day simple moving average is $10.57.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on SBH shares. Morgan Stanley cut their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group began coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. Finally, DA Davidson decreased their price objective on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $12.70.

About Sally Beauty

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.