SG Americas Securities LLC acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,205 shares of the specialty retailer's stock, valued at approximately $309,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SBH. Millennium Management LLC lifted its stake in shares of Sally Beauty by 1,177.7% in the 4th quarter. Millennium Management LLC now owns 1,136,121 shares of the specialty retailer's stock valued at $11,872,000 after acquiring an additional 1,047,199 shares during the last quarter. Ranmore Fund Management Ltd purchased a new position in shares of Sally Beauty in the fourth quarter worth $8,517,000. Invesco Ltd. increased its position in shares of Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer's stock valued at $14,823,000 after acquiring an additional 716,613 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Sally Beauty during the fourth quarter valued at approximately $6,746,000. Finally, Trexquant Investment LP raised its holdings in shares of Sally Beauty by 202.5% during the fourth quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer's stock valued at $9,083,000 after acquiring an additional 581,877 shares in the last quarter.
Sally Beauty Price Performance
SBH stock opened at $8.96 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.44 and a current ratio of 2.32. The company's fifty day moving average price is $8.65 and its 200-day moving average price is $9.50. 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 capitalization of $903.47 million, a PE ratio of 5.03 and a beta of 1.25.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Sally Beauty had a return on equity of 29.48% and a net margin of 5.03%. The business had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. During the same quarter last year, the business posted $0.35 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and an average target price of $12.70.
View Our Latest Report on SBH
Sally Beauty Company Profile
(
Free Report)
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.
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