GAMMA Investing LLC Boosts Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

GAMMA Investing LLC raised its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 8,210.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,549 shares of the specialty retailer's stock after purchasing an additional 42,037 shares during the period. GAMMA Investing LLC's holdings in Sally Beauty were worth $384,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Sally Beauty by 2.3% in the fourth 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. Millennium Management LLC increased its stake in Sally Beauty by 1,177.7% in the fourth quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter. M&T Bank Corp increased its stake in Sally Beauty by 127.4% in the fourth quarter. M&T Bank Corp now owns 64,352 shares of the specialty retailer's stock valued at $672,000 after purchasing an additional 36,057 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sally Beauty by 19.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer's stock valued at $3,071,000 after purchasing an additional 47,246 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Sally Beauty in the fourth quarter valued at approximately $3,177,000.

Sally Beauty Stock Performance

Shares of SBH traded up $0.16 during mid-day trading on Friday, reaching $8.66. 2,876,077 shares of the company's stock were exchanged, compared to its average volume of 1,841,834. 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 $873.91 million, a PE ratio of 4.87 and a beta of 1.25. The business's fifty day simple moving average is $8.59 and its 200-day simple moving average is $9.59. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79.

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. The business had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

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 analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.70.

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.