SG Americas Securities LLC Purchases Shares of 34,205 Sally Beauty Holdings, Inc. (NYSE:SBH)

SG Americas Securities LLC acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in 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 hedge funds also recently bought and sold shares of SBH. Corient Private Wealth LLC increased its stake in shares of Sally Beauty by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 1,090 shares during the period. Federated Hermes Inc. grew its holdings in Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 2,012 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sally Beauty by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer's stock worth $612,000 after buying an additional 2,137 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Sally Beauty by 5.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 60,466 shares of the specialty retailer's stock worth $632,000 after buying an additional 3,189 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Sally Beauty from a "buy" rating to a "hold" rating in a research 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. According to data from MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Price Performance

Sally Beauty stock traded up $0.26 during mid-day trading on Monday, hitting $9.27. The stock had a trading volume of 2,698,729 shares, compared to its average volume of 1,837,198. Sally Beauty Holdings, Inc. has a one year low of $7.54 and a one year high of $14.79. The company has a current ratio of 2.32, a quick ratio of 0.44 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $935.25 million, a P/E ratio of 5.21 and a beta of 1.25. The firm's 50 day moving average is $8.69 and its 200 day moving average is $9.41.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 EPS 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 for the quarter, compared to the consensus estimate of $901.00 million. During the same period in the previous year, the business earned $0.35 earnings per share. The business's revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share 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.