Man Group plc Raises Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Man Group plc boosted its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,071 shares of the specialty retailer's stock after purchasing an additional 29,017 shares during the period. Man Group plc owned about 0.15% of Sally Beauty worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of SBH. Federated Hermes Inc. raised its position in shares of Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after acquiring an additional 2,012 shares during the period. R Squared Ltd acquired a new position in shares of Sally Beauty in the fourth quarter worth about $56,000. KBC Group NV raised its position in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 2,764 shares during the period. Wealth Advisory Solutions LLC acquired a new position in shares of Sally Beauty in the fourth quarter worth about $105,000. Finally, Quarry LP raised its position in shares of Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after acquiring an additional 9,006 shares during the period.

Sally Beauty Trading Down 0.6%

Sally Beauty stock traded down $0.06 during trading on Thursday, hitting $8.72. The company had a trading volume of 363,211 shares, compared to its average volume of 1,812,695. 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. The company's 50 day simple moving average is $8.52 and its 200-day simple moving average is $10.17. The stock has a market cap of $879.29 million, a price-to-earnings ratio of 5.22 and a beta of 1.33.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The firm had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the firm earned $0.35 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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