Dark Forest Capital Management LP Has $958,000 Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Dark Forest Capital Management LP grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 371.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,703 shares of the specialty retailer's stock after purchasing an additional 72,272 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.09% of Sally Beauty worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SBH. Federated Hermes Inc. boosted its stake in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 2,012 shares during the period. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter worth about $56,000. KBC Group NV grew its position in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after buying an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC bought a new stake in shares of Sally Beauty during the 4th quarter worth about $105,000. Finally, EMC Capital Management boosted its holdings in shares of Sally Beauty by 105.5% in the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock valued at $131,000 after acquiring an additional 6,436 shares in the last quarter.

Sally Beauty Stock Performance

SBH stock traded down $0.15 during midday trading on Tuesday, hitting $7.93. 774,115 shares of the company traded hands, compared to its average volume of 1,762,579. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The stock has a market capitalization of $807.99 million, a price-to-earnings ratio of 4.74 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The business has a 50 day simple moving average of $8.68 and a 200-day simple moving average of $10.77.

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

Analyst Upgrades and Downgrades

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

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.