Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,021.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,289 shares of the specialty retailer's stock after buying an additional 225,241 shares during the quarter. Foundry Partners LLC owned about 0.24% of Sally Beauty worth $2,233,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in 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 during the last quarter. Ranmore Fund Management Ltd bought a new position in shares of Sally Beauty during the fourth quarter valued at $8,517,000. Invesco Ltd. grew its stake in shares of Sally Beauty by 102.1% during the 4th quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock valued at $14,823,000 after acquiring an additional 716,613 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Sally Beauty during the 4th quarter worth approximately $6,746,000. Finally, Lightrock Netherlands B.V. increased its stake in shares of Sally Beauty by 65.0% during the first quarter. Lightrock Netherlands B.V. now owns 1,479,307 shares of the specialty retailer's stock valued at $13,380,000 after buying an additional 583,000 shares during the period.

Wall Street Analysts Forecast Growth

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

Sally Beauty Stock Down 3.4%

SBH stock traded down $0.33 during mid-day trading on Monday, reaching $9.35. 1,282,869 shares of the company traded hands, compared to its average volume of 1,857,025. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The firm's 50 day moving average price is $9.22 and its 200 day moving average price is $9.28. The stock has a market cap of $942.82 million, a price-to-earnings ratio of 5.25 and a beta of 1.26. 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 (NYSE:SBH - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $883.15 million for the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

About Sally Beauty

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.