Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Acquired by Voloridge Investment Management LLC

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in SBH. Federated Hermes Inc. raised its stake in shares of 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 acquiring an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new stake in Sally Beauty in the fourth quarter worth $56,000. KBC Group NV lifted its stake 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 valued at $61,000 after buying an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC bought a new position in shares of Sally Beauty during the fourth quarter valued at about $105,000. Finally, Quarry LP lifted its position in shares of Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares in the last quarter.

Sally Beauty Trading Down 0.4%

SBH traded down $0.03 during trading on Friday, reaching $8.82. The company had a trading volume of 297,163 shares, compared to its average volume of 1,813,334. The stock has a market cap of $889.48 million, a P/E ratio of 5.30 and a beta of 1.33. The business has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $10.14. Sally Beauty Holdings, Inc. has a 52 week low of $7.54 and a 52 week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $883.15 million for the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm's quarterly revenue 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 Upgrades and Downgrades

SBH has been the subject of several recent research reports. DA Davidson reduced their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Wall Street Zen lowered shares of Sally Beauty from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.70.

Sally Beauty 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.