D. E. Shaw & Co. Inc. Has $14.08 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

D. E. Shaw & Co. Inc. lessened its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 37.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,347,147 shares of the specialty retailer's stock after selling 816,968 shares during the period. D. E. Shaw & Co. Inc. owned about 1.32% of Sally Beauty worth $14,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. increased its position in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new position in Sally Beauty during the fourth quarter worth approximately $56,000. KBC Group NV increased its position in Sally Beauty by 89.0% during the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after buying an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new position in Sally Beauty during the fourth quarter worth approximately $105,000. Finally, Quarry LP increased its position in Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after buying an additional 9,006 shares during the last quarter.

Analyst Ratings Changes

SBH has been the topic of several research reports. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. DA Davidson decreased their target price 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. Finally, Morgan Stanley decreased their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.70.

Sally Beauty Price Performance

Shares of SBH stock traded up $0.08 during trading on Friday, hitting $9.17. The company had a trading volume of 1,223,217 shares, compared to its average volume of 1,805,509. 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 market capitalization of $934.92 million, a P/E ratio of 5.49 and a beta of 1.33. The stock's 50-day moving average price is $8.52 and its 200 day moving average price is $10.38. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.