PharVision Advisers LLC Invests $523,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

PharVision Advisers LLC acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,066 shares of the specialty retailer's stock, valued at approximately $523,000.

Several other hedge funds have also modified their holdings of the stock. Federated Hermes Inc. boosted its stake in Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $56,000. KBC Group NV raised its stake in Sally Beauty by 89.0% during the 4th 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 in the last quarter. Wealth Advisory Solutions LLC bought a new stake in shares of Sally Beauty during the fourth quarter valued at about $105,000. Finally, Quarry LP lifted its holdings 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 during the period.

Analysts Set New Price Targets

Several equities analysts have commented on SBH shares. DA Davidson lowered their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a research note on Thursday. 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 company. According to data from MarketBeat.com, 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 down $0.06 during midday trading on Monday, reaching $8.77. The company's stock had a trading volume of 1,497,166 shares, compared to its average volume of 1,816,528. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a market cap of $884.34 million, a price-to-earnings ratio of 5.25 and a beta of 1.33. The company has a 50 day moving average price of $8.52 and a 200 day moving average price of $10.22. 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, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company had revenue of $883.15 million for the quarter, compared to analysts' expectations of $901.00 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The firm's revenue was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current 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.