BNP Paribas Financial Markets Has $3.73 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

BNP Paribas Financial Markets boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 60.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 357,001 shares of the specialty retailer's stock after purchasing an additional 134,467 shares during the period. BNP Paribas Financial Markets owned about 0.35% of Sally Beauty worth $3,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Federated Hermes Inc. lifted its position in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares during the period. R Squared Ltd bought a new position in shares of Sally Beauty during the fourth quarter worth $56,000. KBC Group NV lifted its position in Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC bought a new position in Sally Beauty during the fourth quarter valued at $105,000. Finally, Quarry LP raised its stake in shares of Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 9,006 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on SBH shares. DA Davidson cut their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Up 1.7%

NYSE SBH traded up $0.16 on Tuesday, reaching $9.23. The company had a trading volume of 165,628 shares, compared to its average volume of 1,796,820. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The firm has a market capitalization of $930.75 million, a PE ratio of 5.53 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The firm has a 50-day moving average of $8.52 and a 200-day moving average of $10.33.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. During the same quarter last year, the business posted $0.35 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

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.