43,100 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Acquired by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 43,100 shares of the specialty retailer's stock, valued at approximately $389,000.

Several other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC increased its holdings in shares of Sally Beauty by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 1,735 shares during the period. Parallel Advisors LLC lifted its position in shares of Sally Beauty by 536.4% during the first quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 3,304 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 2,012 shares during the period. GAMMA Investing LLC increased its holdings in Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 4,200 shares during the period. Finally, CWM LLC increased its position in shares of Sally Beauty by 123.7% during the 1st quarter. CWM LLC now owns 8,949 shares of the specialty retailer's stock valued at $81,000 after purchasing an additional 4,948 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Sally Beauty Stock Up 8.7%

Shares of NYSE:SBH traded up $0.82 on Tuesday, reaching $10.16. The company had a trading volume of 2,379,276 shares, compared to its average volume of 1,859,106. The stock has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.28. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. 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 $1.02 billion, a P/E ratio of 5.71 and a beta of 1.26.

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

Sally Beauty Company 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.