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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBH. Federated Hermes Inc. grew its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 2,012 shares during the period. R Squared Ltd acquired a new stake in shares of Sally Beauty in the fourth quarter worth $56,000. KBC Group NV lifted its holdings in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC purchased a new stake in Sally Beauty during the 4th quarter worth $105,000. Finally, Quarry LP increased its holdings in Sally Beauty by 302.2% in the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group assumed coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price for the company. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Morgan Stanley lowered 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. Finally, DA Davidson decreased their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Performance

Shares of SBH opened at $7.96 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79. The business's fifty day moving average price is $8.55 and its 200 day moving average price is $10.59. 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 posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Sally Beauty 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.

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