Denali Advisors LLC Purchases New Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Denali Advisors LLC acquired a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 43,100 shares of the specialty retailer's stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBH. Corient Private Wealth LLC boosted its stake in shares of Sally Beauty by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock valued at $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 worth $140,000 after acquiring an additional 1,090 shares during the period. SummerHaven Investment Management LLC grew its position in Sally Beauty by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 72,690 shares of the specialty retailer's stock valued at $656,000 after buying an additional 1,323 shares during the period. Golden State Wealth Management LLC grew its position in 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 valued at $31,000 after buying an additional 1,735 shares during the period. Finally, Federated Hermes Inc. grew its position in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the period.

Sally Beauty Stock Performance

SBH traded down $0.12 during trading on Thursday, reaching $10.16. 540,887 shares of the company's stock were exchanged, compared to its average volume of 2,127,262. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. The stock has a market capitalization of $1.02 billion, a P/E ratio of 5.71 and a beta of 1.26. The company's fifty day simple moving average is $9.22 and its 200-day simple moving average is $9.28.

Sally Beauty (NYSE:SBH - Get Free Report) last released 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 analyst estimates of $901.00 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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 assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.63.

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.