Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,866 shares of the specialty retailer's stock after purchasing an additional 47,246 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Sally Beauty worth $3,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock worth $2,878,000 after purchasing an additional 56,879 shares during the period. 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 purchasing an additional 2,764 shares during the last quarter. Jennison Associates LLC purchased a new position in Sally Beauty during the fourth quarter worth about $553,000. Empowered Funds LLC boosted its stake in Sally Beauty by 5.1% in the 4th quarter. Empowered Funds LLC now owns 349,350 shares of the specialty retailer's stock worth $3,651,000 after buying an additional 16,950 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new stake in Sally Beauty in the 4th quarter valued at about $9,413,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson cut their price target 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. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.70.

Sally Beauty Stock Up 3.7%

Sally Beauty stock traded up $0.32 during trading on Monday, reaching $8.93. 2,038,638 shares of the company's stock were exchanged, compared to its average volume of 1,827,906. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The firm has a market cap of $900.48 million, a price-to-earnings ratio of 5.34 and a beta of 1.25. 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's 50-day moving average is $8.51 and its two-hundred day moving average is $9.92.

Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current 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.