309,564 Sally Beauty Holdings, Inc. $SBH Shares Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Sally Beauty stake by 309,564 shares in the third quarter, a 4,764% increase, bringing its holdings to 316,062 shares worth about $5.2 million.
• Analyst views are mixed: MarketBeat reports a consensus “Moderate Buy” rating and a $17.40 price target, while individual analysts range from Strong Buy to Sell.
• Sally Beauty shares opened at $19.45 and were reported up 6.2%, near the stock’s 52-week high of $19.60.

Fulcrum Asset Management LLP raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 4,764.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 316,062 shares of the specialty retailer's stock after purchasing an additional 309,564 shares during the period. Fulcrum Asset Management LLP owned 0.34% of Sally Beauty worth $5,202,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc increased its stake in shares of Sally Beauty by 27.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 1,089 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Sally Beauty by 508.1% in the 3rd quarter. Fortitude Family Office LLC now owns 1,727 shares of the specialty retailer's stock valued at $28,000 after buying an additional 1,443 shares in the last quarter. Nykredit A S purchased a new stake in Sally Beauty in the 2nd quarter valued at approximately $28,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Sally Beauty by 40.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 7,739 shares of the specialty retailer's stock valued at $127,000 after buying an additional 2,214 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Sally Beauty by 233.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,713 shares of the specialty retailer's stock valued at $61,000 after buying an additional 2,599 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SBH shares. Weiss Ratings downgraded Sally Beauty from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 30th. TD Cowen started coverage on Sally Beauty in a report on Friday, October 30th. They issued a "strong-buy" rating for the company. Finally, Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.40.

Sally Beauty Trading Up 6.2%

Shares of Sally Beauty stock opened at $19.45 on Tuesday. Sally Beauty Holdings, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $19.60. The firm has a market cap of $1.82 billion, a PE ratio of 10.13 and a beta of 1.09. The business's fifty day moving average is $16.79 and its two-hundred day moving average is $15.16. The company has a quick ratio of 0.57, a current ratio of 2.37 and a debt-to-equity ratio of 0.92.

Sally Beauty Profile

Sally Beauty Holdings, Inc is a specialty retailer and distributor of professional beauty products. It serves both individual consumers and salon professionals through retail stores, online channels and professional distribution.

The company operates Sally Beauty, which sells products such as hair color and care items, styling tools, nail products and skincare. Its CosmoProf business supplies salons and other beauty professionals with products, equipment and related educational resources.

Sally Beauty traces its roots to a beauty supply store opened in New Orleans in 1964.

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