GAMMA Investing LLC Has $384,000 Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

GAMMA Investing LLC boosted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 8,210.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,549 shares of the specialty retailer's stock after buying 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new stake in Sally Beauty during the fourth quarter valued at $105,000. Quarry LP grew its stake in Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Sally Beauty by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock worth $140,000 after purchasing an additional 1,090 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of Sally Beauty during the 4th quarter worth about $144,000.

Sally Beauty Stock Performance

Shares of SBH stock traded down $0.04 during trading on Tuesday, reaching $8.90. The company had a trading volume of 1,537,145 shares, compared to its average volume of 1,839,605. The firm's 50 day simple moving average is $8.59 and its two-hundred day simple moving average is $9.54. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one 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 company has a market capitalization of $897.75 million, a PE ratio of 5.00 and a beta of 1.25.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating 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 company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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 assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.