Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,014,186 shares of the specialty retailer's stock after purchasing an additional 365,445 shares during the quarter. Cubist Systematic Strategies LLC owned 1.00% of Sally Beauty worth $10,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Sally Beauty by 2.3% in the fourth 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sally Beauty by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after buying an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC increased 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 buying an additional 214,108 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Sally Beauty by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock valued at $38,365,000 after acquiring an additional 156,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Sally Beauty by 2.3% in the fourth 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 during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SBH shares. Canaccord Genuity Group initiated coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 price objective for the company. DA Davidson decreased their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley reduced their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.70.

Sally Beauty Price Performance

Shares of SBH traded up $1.86 during mid-day trading on Monday, hitting $10.03. 2,695,598 shares of the stock were exchanged, compared to its average volume of 2,349,140. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The firm has a 50-day moving average of $8.51 and a two-hundred day moving average of $10.49. The company has a market cap of $1.02 billion, a PE ratio of 6.00 and a beta of 1.33.

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