CastleKnight Management LP Invests $3.01 Million in Sally Beauty Holdings, Inc. (NYSE:SBH)

CastleKnight Management LP purchased a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 288,250 shares of the specialty retailer's stock, valued at approximately $3,012,000. CastleKnight Management LP owned about 0.28% of Sally Beauty as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Sally Beauty by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after acquiring an additional 59,478 shares in the last quarter. M&T Bank Corp increased its holdings in Sally Beauty by 127.4% in the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after purchasing an additional 36,057 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Sally Beauty in the fourth quarter valued at approximately $3,177,000. Vanguard Group Inc. raised its position in Sally Beauty by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after purchasing an additional 279,222 shares in the last quarter. Finally, Barclays PLC raised its stake in Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after buying an additional 56,879 shares in the last quarter.

Sally Beauty Price Performance

Shares of NYSE:SBH traded down $0.15 during trading hours on Friday, hitting $8.20. 2,215,466 shares of the company's stock traded hands, compared to its average volume of 1,780,998. The company's fifty day simple moving average is $8.51 and its two-hundred day simple moving average is $10.50. The company has a market cap of $836.02 million, a price-to-earnings ratio of 4.91 and a beta of 1.33. 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 52 week low of $7.54 and a 52 week high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $937.90 million for 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%. As a group, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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