Millennium Management LLC Has $11.87 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Millennium Management LLC lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,177.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,136,121 shares of the specialty retailer's stock after buying an additional 1,047,199 shares during the quarter. Millennium Management LLC owned about 1.12% of Sally Beauty worth $11,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SBH. Lightrock Netherlands B.V. acquired a new stake in shares of Sally Beauty during the 4th quarter worth about $9,413,000. Ranmore Fund Management Ltd acquired a new stake in shares of Sally Beauty during the 4th quarter worth about $8,517,000. Invesco Ltd. lifted 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 buying an additional 716,613 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Sally Beauty during the 4th quarter worth about $6,746,000. Finally, Trexquant Investment LP lifted its stake in shares of Sally Beauty by 202.5% during the 4th quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer's stock worth $9,083,000 after buying an additional 581,877 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on SBH. DA Davidson lowered their price target on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment 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, Sally Beauty presently has a consensus rating of "Hold" and an average target price of $12.70.

Sally Beauty Price Performance

Shares of NYSE:SBH traded up $0.16 during midday trading on Tuesday, hitting $8.93. The stock had a trading volume of 1,740,096 shares, compared to its average volume of 1,816,222. The company's 50-day moving average price is $8.51 and its 200-day moving average price is $10.19. The company has a market capitalization of $900.98 million, a P/E ratio of 5.35 and a beta of 1.33. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its 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. The company had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. As a group, equities research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.