Lightrock Netherlands B.V. Raises Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Lightrock Netherlands B.V. lifted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 65.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,479,307 shares of the specialty retailer's stock after purchasing an additional 583,000 shares during the period. Sally Beauty comprises approximately 3.5% of Lightrock Netherlands B.V.'s portfolio, making the stock its 7th biggest holding. Lightrock Netherlands B.V. owned about 1.45% of Sally Beauty worth $13,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBH. Millennium Management LLC grew its holdings in shares of 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 worth $11,872,000 after purchasing an additional 1,047,199 shares during the last quarter. Ranmore Fund Management Ltd bought a new position in shares of Sally Beauty in the fourth quarter worth approximately $8,517,000. Invesco Ltd. grew its holdings in shares of Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock worth $14,823,000 after purchasing an additional 716,613 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Sally Beauty in the fourth quarter valued at $6,746,000. Finally, Trexquant Investment LP boosted its holdings in Sally Beauty by 202.5% in the fourth quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer's stock valued at $9,083,000 after acquiring an additional 581,877 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Sally Beauty Trading Up 1.3%

SBH stock opened at $10.28 on Friday. Sally Beauty Holdings, Inc. has a 1-year low of $7.54 and a 1-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 $1.04 billion, a price-to-earnings ratio of 5.78 and a beta of 1.26. The business has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $9.39.

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

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.

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