Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. lifted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 65.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,479,307 shares of the specialty retailer's stock after acquiring an additional 583,000 shares during the quarter. Sally Beauty comprises approximately 3.5% of Lightrock Netherlands B.V.'s holdings, making the stock its 7th biggest holding. Lightrock Netherlands B.V. owned approximately 1.45% of Sally Beauty worth $13,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SBH. Golden State Wealth Management LLC increased its stake in Sally Beauty by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,470 shares of the specialty retailer's stock worth $31,000 after buying an additional 1,735 shares during the period. Federated Hermes Inc. increased its stake in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after buying an additional 2,012 shares during the period. Parallel Advisors LLC increased its stake in Sally Beauty by 536.4% during the 1st quarter. Parallel Advisors LLC now owns 3,920 shares of the specialty retailer's stock worth $35,000 after buying an additional 3,304 shares during the period. GAMMA Investing LLC increased its stake in Sally Beauty by 820.3% during the 1st quarter. GAMMA Investing LLC now owns 4,712 shares of the specialty retailer's stock worth $43,000 after buying an additional 4,200 shares during the period. Finally, Quarry LP increased its stake in Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after buying an additional 9,006 shares during the period.

Sally Beauty Stock Up 0.3%

Shares of SBH traded up $0.03 during midday trading on Tuesday, hitting $9.95. The company had a trading volume of 1,349,551 shares, compared to its average volume of 1,849,480. The company's 50 day moving average price is $8.94 and its 200 day moving average price is $9.35. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 5.59 and a beta of 1.26. 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.

Sally Beauty (NYSE:SBH - Get Free Report) last posted 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. Sally Beauty had a net margin of 5.03% and a return on equity of 29.48%. The business had revenue of $883.15 million during the quarter, compared to analyst estimates of $901.00 million. During the same period in the previous year, the business posted $0.35 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.