Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Man Group plc

Man Group plc lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 24.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,071 shares of the specialty retailer's stock after buying an additional 29,017 shares during the quarter. Man Group plc owned approximately 0.15% of Sally Beauty worth $1,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Sally Beauty by 1,177.7% in the 4th 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 period. Lightrock Netherlands B.V. bought a new position in shares of Sally Beauty during the 4th quarter worth approximately $9,413,000. Ranmore Fund Management Ltd bought a new position in shares of Sally Beauty during the 4th quarter worth approximately $8,517,000. Invesco Ltd. raised 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 worth $14,823,000 after acquiring an additional 716,613 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Sally Beauty during the 4th quarter worth approximately $6,746,000.

Wall Street Analyst Weigh In

A number of research firms have commented on SBH. Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson decreased their price target on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Performance

Shares of NYSE SBH traded down $0.12 during midday trading on Wednesday, reaching $8.80. The company had a trading volume of 835,188 shares, compared to its average volume of 1,812,703. The business's 50-day simple moving average is $8.52 and its 200 day simple moving average is $10.18. The stock has a market cap of $887.36 million, a P/E ratio of 5.27 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. During the same quarter last year, the company posted $0.35 earnings per share. The business's quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

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.