UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 47,246 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,866 shares of the specialty retailer's stock after buying an additional 47,246 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Sally Beauty worth $3,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 purchasing an additional 1,047,199 shares during the period. Lightrock Netherlands B.V. bought a new stake in Sally Beauty during the 4th quarter worth approximately $9,413,000. Ranmore Fund Management Ltd bought a new stake in Sally Beauty during the 4th quarter worth approximately $8,517,000. Invesco Ltd. grew its holdings 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 in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $6,746,000.

Sally Beauty Trading Down 3.7%

Shares of SBH stock opened at $8.78 on Friday. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $9.99. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79. The firm has a market cap of $885.34 million, a P/E ratio of 5.25 and a beta of 1.25.

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 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 firm had revenue of $883.15 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company's revenue was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on SBH shares. DA Davidson decreased their target price on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Wall Street Zen lowered Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. 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's stock. According to MarketBeat, Sally Beauty presently has an average rating of "Hold" and an average target price of $12.70.

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.

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