Diversified Trust Co Makes New Investment in Sally Beauty Holdings, Inc. (NYSE:SBH)

Diversified Trust Co purchased a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,663 shares of the specialty retailer's stock, valued at approximately $250,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Sally Beauty by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer's stock valued at $129,880,000 after buying an additional 279,222 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sally Beauty by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer's stock valued at $42,316,000 after purchasing an additional 459,972 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Sally Beauty by 5.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer's stock valued at $42,037,000 after purchasing an additional 214,108 shares during the last quarter. Victory Capital Management Inc. grew its stake in Sally Beauty by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer's stock valued at $38,365,000 after purchasing an additional 156,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $27,228,000 after purchasing an additional 59,478 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.70.

Sally Beauty Stock Performance

Shares of SBH traded up $0.13 during mid-day trading on Friday, reaching $10.28. The company had a trading volume of 1,154,285 shares, compared to its average volume of 1,849,927. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $1.04 billion, a P/E ratio of 5.78 and a beta of 1.26. The stock has a 50 day moving average of $8.86 and a two-hundred day moving average of $9.37.

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

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.