27,663 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Bought by Diversified Trust Co

Diversified Trust Co acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,663 shares of the specialty retailer's stock, valued at approximately $250,000.

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Sally Beauty during the first quarter valued at approximately $309,000. GAMMA Investing LLC lifted its position in shares of Sally Beauty by 8,210.4% during the 1st quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock valued at $384,000 after acquiring an additional 42,037 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sally Beauty by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer's stock worth $27,228,000 after acquiring an additional 59,478 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock worth $11,872,000 after acquiring an additional 1,047,199 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Sally Beauty by 127.4% in the 4th quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock worth $672,000 after acquiring an additional 36,057 shares during the last quarter.

Sally Beauty Trading Up 1.3%

NYSE SBH traded up $0.13 on Friday, hitting $10.28. 1,154,285 shares of the stock were exchanged, compared to its average volume of 1,847,111. The company's 50-day moving average price is $8.81 and its two-hundred day moving average price is $9.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.78 and a beta of 1.26.

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

Analyst Ratings Changes

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