Millennium Management LLC Buys 1,047,199 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Millennium Management LLC boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,177.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,136,121 shares of the specialty retailer's stock after buying an additional 1,047,199 shares during the period. Millennium Management LLC owned approximately 1.12% of Sally Beauty worth $11,872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the period. R Squared Ltd bought a new stake in Sally Beauty in the fourth quarter valued at $56,000. KBC Group NV increased its stake in Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC bought a new stake in Sally Beauty in the fourth quarter valued at $105,000. Finally, Quarry LP increased 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. DA Davidson decreased 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 note on Tuesday, February 18th. 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 assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.70.

Sally Beauty Stock Down 0.5%

SBH stock traded down $0.05 during trading on Thursday, reaching $8.73. The stock had a trading volume of 323,229 shares, compared to its average volume of 2,296,930. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The company's 50 day moving average is $8.52 and its two-hundred day moving average is $10.17. The company has a market capitalization of $880.30 million, a price-to-earnings ratio of 5.22 and a beta of 1.33.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $901.00 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

About Sally Beauty

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.