ArrowMark Colorado Holdings LLC Purchases 214,108 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

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

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 59,478 shares during the last quarter. M&T Bank Corp raised its position in shares of 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 purchasing an additional 36,057 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Sally Beauty during the fourth quarter worth approximately $3,177,000. Vanguard Group Inc. boosted its stake in Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after purchasing an additional 279,222 shares during the period. Finally, Barclays PLC increased its position in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after buying an additional 56,879 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SBH shares. DA Davidson decreased their price target 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. Morgan Stanley decreased their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target for the company. Finally, StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of "Hold" and a consensus target price of $12.70.

Sally Beauty Trading Down 0.7 %

Shares of SBH traded down $0.06 during mid-day trading on Tuesday, reaching $7.96. 1,420,965 shares of the company were exchanged, compared to its average volume of 1,777,926. 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 52 week low of $7.54 and a 52 week high of $14.79. The business has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $10.61. The stock has a market capitalization of $811.96 million, a PE ratio of 4.77 and a beta of 1.33.

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

Sally Beauty Company 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.