75,300 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Bought by Bailard Inc.

Bailard Inc. purchased a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,300 shares of the specialty retailer's stock, valued at approximately $680,000. Bailard Inc. owned approximately 0.07% of Sally Beauty at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in Sally Beauty by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after acquiring an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sally Beauty by 8.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 1,090 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Sally Beauty by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock valued at $656,000 after purchasing an additional 1,323 shares during the period. Golden State Wealth Management LLC raised its position in shares of Sally Beauty by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 1,735 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Sally Beauty by 119.1% in the fourth 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.

Sally Beauty Trading Down 0.4%

SBH opened at $9.69 on Friday. The company's 50 day moving average is $9.22 and its 200-day moving average is $9.30. The company has a market cap of $977.62 million, a P/E ratio of 5.44 and a beta of 1.26. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-year high of $14.79. The company has a current ratio of 2.32, a quick ratio of 0.44 and a debt-to-equity ratio of 1.29.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The firm had revenue of $883.15 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter last year, the business earned $0.35 EPS. The company's revenue was down 2.8% compared to the same quarter last year. Equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $12.63.

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.

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