Barclays PLC Increases Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Barclays PLC boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 214.3% in 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 666,751 shares of the specialty retailer's stock after buying an additional 454,592 shares during the quarter. Barclays PLC owned approximately 0.65% of Sally Beauty worth $6,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in Sally Beauty by 10,619.0% in the fourth quarter. Sterling Capital Management LLC now owns 38,910 shares of the specialty retailer's stock worth $407,000 after buying an additional 38,547 shares in the last quarter. Martingale Asset Management L P purchased a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $227,000. Renaissance Technologies LLC purchased a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $6,746,000. Invesco Ltd. boosted its stake in shares of Sally Beauty by 102.1% during the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock valued at $14,823,000 after purchasing an additional 716,613 shares during the period. Finally, Ranmore Fund Management Ltd purchased a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $8,517,000.

Sally Beauty Stock Up 1.7 %

Shares of NYSE:SBH traded up $0.14 on Wednesday, hitting $8.15. 1,854,255 shares of the company traded hands, compared to its average volume of 1,772,434. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The stock has a 50 day simple moving average of $8.64 and a 200-day simple moving average of $10.73. The company has a market cap of $830.93 million, a PE ratio of 4.88 and a beta of 1.35.

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 for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. As a group, research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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