Bridgeway Capital Management LLC Increases Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Bridgeway Capital Management LLC boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 986,298 shares of the specialty retailer's stock after acquiring an additional 276,450 shares during the period. Bridgeway Capital Management LLC owned 0.97% of Sally Beauty worth $10,307,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bridgefront Capital LLC raised its holdings in shares of Sally Beauty by 29.6% during the 4th quarter. Bridgefront Capital LLC now owns 17,586 shares of the specialty retailer's stock valued at $184,000 after buying an additional 4,012 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Sally Beauty by 60.4% in the fourth quarter. BNP Paribas Financial Markets now owns 357,001 shares of the specialty retailer's stock worth $3,731,000 after buying an additional 134,467 shares during the period. Algert Global LLC boosted its position in Sally Beauty by 255.2% during the 4th quarter. Algert Global LLC now owns 289,395 shares of the specialty retailer's stock valued at $3,024,000 after buying an additional 207,925 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Sally Beauty by 5.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after acquiring an additional 214,108 shares during the last quarter. Finally, AXA S.A. grew its stake in shares of 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 purchasing an additional 10,482 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SBH shares. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price on the stock. DA Davidson cut their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.70.

Sally Beauty Stock Up 21.2%

NYSE:SBH traded up $1.73 during mid-day trading on Monday, hitting $9.90. 2,411,451 shares of the company's stock traded hands, compared to its average volume of 1,784,175. 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 twelve month low of $7.54 and a twelve month high of $14.79. The company has a market capitalization of $1.01 billion, a P/E ratio of 5.92 and a beta of 1.33. The company has a fifty day moving average of $8.51 and a 200 day moving average of $10.49.

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