Voloridge Investment Management LLC Purchases 232,253 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Voloridge Investment Management LLC boosted its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,701 shares of the specialty retailer's stock after buying an additional 232,253 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.91% of Sally Beauty worth $9,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in shares of Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after acquiring an additional 2,012 shares during the last quarter. R Squared Ltd purchased a new stake in Sally Beauty during the 4th quarter valued at about $56,000. KBC Group NV grew its holdings in shares of Sally Beauty by 89.0% in the fourth quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC purchased a new position in shares of Sally Beauty in the fourth quarter worth $105,000. Finally, Quarry LP raised its holdings in Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after buying an additional 9,006 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBH shares. 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 target price on 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 stock currently has an average rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Trading Down 1.5%

Sally Beauty stock traded down $0.13 during mid-day trading on Wednesday, reaching $8.78. 1,540,374 shares of the company traded hands, compared to its average volume of 1,818,382. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. 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 capitalization of $885.85 million, a price-to-earnings ratio of 5.26 and a beta of 1.33. The firm's 50 day moving average price is $8.52 and its 200 day moving average price is $10.18.

Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $883.15 million during the quarter, compared to analysts' expectations of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, analysts anticipate 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.