Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,049,732 shares of the specialty retailer's stock after purchasing an additional 459,972 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.98% of Sally Beauty worth $42,316,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Federated Hermes Inc. raised its stake in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after acquiring an additional 2,012 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Sally Beauty in the 4th quarter worth $56,000. KBC Group NV grew its stake in Sally Beauty by 89.0% during the 4th 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 4th quarter valued at about $105,000. Finally, EMC Capital Management raised its stake in 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 buying an additional 6,436 shares during the last quarter.

Sally Beauty Stock Performance

SBH traded up $0.12 during midday trading on Wednesday, hitting $8.06. 1,705,465 shares of the company were exchanged, compared to its average volume of 1,777,638. The firm has a market capitalization of $821.24 million, a price-to-earnings ratio of 4.82 and a beta of 1.33. The company's 50 day simple moving average is $8.55 and its 200 day simple moving average is $10.59. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results 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, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

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