CastleKnight Management LP Takes Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

CastleKnight Management LP bought a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 288,250 shares of the specialty retailer's stock, valued at approximately $3,012,000. CastleKnight Management LP owned 0.28% of Sally Beauty at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock worth $129,880,000 after purchasing an additional 279,222 shares during the period. Dimensional Fund Advisors LP boosted its position in Sally Beauty by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock worth $42,316,000 after purchasing an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in shares of Sally Beauty by 5.6% in 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 buying an additional 214,108 shares in the last quarter. Victory Capital Management Inc. increased its stake in Sally Beauty by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock worth $38,365,000 after buying an additional 156,580 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Sally Beauty by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock valued at $27,228,000 after purchasing an additional 59,478 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. 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 report on Tuesday, February 18th. Canaccord Genuity Group began coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. Finally, Morgan Stanley decreased their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. One investment 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's stock. According to MarketBeat.com, Sally Beauty presently has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Down 2.5 %

Shares of SBH stock opened at $8.04 on Tuesday. The stock's 50 day simple moving average is $8.57 and its 200 day simple moving average is $10.61. 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 $819.71 million, a price-to-earnings ratio of 4.81 and a beta of 1.33.

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

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