Nuveen Asset Management LLC Buys 194,535 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Nuveen Asset Management LLC raised its holdings in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,001,507 shares of the specialty retailer's stock after buying an additional 194,535 shares during the quarter. Nuveen Asset Management LLC owned about 0.98% of Sally Beauty worth $10,466,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SBH. Federated Hermes Inc. increased its holdings in Sally Beauty by 119.1% in the 4th 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 acquired a new stake in shares of Sally Beauty during the 4th quarter valued at about $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 acquiring an additional 2,764 shares during the period. Wealth Advisory Solutions LLC bought a new stake in Sally Beauty in the fourth quarter valued at about $105,000. Finally, Quarry LP raised its position in 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 purchasing an additional 9,006 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Sally Beauty presently has an average rating of "Hold" and an average target price of $12.70.

Sally Beauty Price Performance

Shares of NYSE SBH traded down $0.15 during mid-day trading on Friday, hitting $8.70. 2,181,320 shares of the stock were exchanged, compared to its average volume of 1,820,751. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The stock's fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $10.14. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market cap of $877.78 million, a P/E ratio of 5.21 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, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

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.