Victory Capital Management Inc. Acquires 342,225 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Victory Capital Management Inc. increased its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 9.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,013,531 shares of the specialty retailer's stock after buying an additional 342,225 shares during the period. Victory Capital Management Inc. owned about 3.94% of Sally Beauty worth $36,242,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SBH. SG Americas Securities LLC bought a new position in shares of Sally Beauty in the first quarter worth about $309,000. GAMMA Investing LLC boosted its stake in Sally Beauty by 8,210.4% in the 1st quarter. GAMMA Investing LLC now owns 42,549 shares of the specialty retailer's stock worth $384,000 after purchasing an additional 42,037 shares during the period. Millennium Management LLC grew its holdings in Sally Beauty by 1,177.7% during the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after buying an additional 1,047,199 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sally Beauty by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 293,866 shares of the specialty retailer's stock valued at $3,071,000 after buying an additional 47,246 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Sally Beauty in the fourth quarter worth $3,177,000.

Sally Beauty Price Performance

Shares of NYSE SBH traded down $0.13 during mid-day trading on Thursday, hitting $10.16. 1,531,327 shares of the company's stock traded hands, compared to its average volume of 1,637,335. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 0.44. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The company's 50-day moving average is $9.24 and its two-hundred day moving average is $9.28. The company has a market capitalization of $1.02 billion, a P/E ratio of 5.71 and a beta of 1.26.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings results 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 return on equity of 29.48% and a net margin of 5.03%. The company had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. During the same period last year, the company earned $0.35 earnings per share. Sally Beauty's revenue was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.63.

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.