Woodline Partners LP Grows Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Woodline Partners LP raised its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,463 shares of the specialty retailer's stock after purchasing an additional 47,145 shares during the period. Woodline Partners LP owned about 0.51% of Sally Beauty worth $5,481,000 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 raised its position in shares of Sally Beauty by 36.6% in the third quarter. Barclays PLC now owns 212,159 shares of the specialty retailer's stock valued at $2,878,000 after buying an additional 56,879 shares during the last quarter. KBC Group NV grew its stake in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 2,764 shares during the period. R Squared Ltd acquired a new position in Sally Beauty in the 4th quarter valued at $56,000. EMC Capital Management raised its holdings in Sally Beauty by 105.5% in the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock valued at $131,000 after acquiring an additional 6,436 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Sally Beauty during the 4th quarter worth $553,000.

Sally Beauty Trading Down 1.5%

Shares of NYSE SBH traded down $0.13 during trading on Wednesday, hitting $8.78. 1,540,329 shares of the company traded hands, compared to its average volume of 1,815,123. The firm has a market capitalization of $885.85 million, a P/E ratio of 5.26 and a beta of 1.33. 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 company has a 50-day moving average price of $8.52 and a 200-day moving average price of $10.18. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current year.

Analysts Set New Price Targets

SBH has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Sally Beauty from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson decreased their price target 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 investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.70.

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.