Woodline Partners LP Buys 47,145 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Woodline Partners LP raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 524,463 shares of the specialty retailer's stock after acquiring an additional 47,145 shares during the quarter. Woodline Partners LP owned about 0.51% of Sally Beauty worth $5,481,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC boosted its position in shares of Sally Beauty by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer's stock worth $200,000 after purchasing an additional 1,069 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sally Beauty by 8.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer's stock worth $140,000 after purchasing an additional 1,090 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 2,012 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sally Beauty by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer's stock worth $612,000 after purchasing an additional 2,137 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Sally Beauty by 89.0% during the 4th 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 in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a report 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.70.

Sally Beauty Stock Performance

Shares of SBH stock traded down $0.06 during trading hours on Thursday, hitting $8.71. 403,527 shares of the company were exchanged, compared to its average volume of 1,812,846. The firm has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $10.17. The stock has a market capitalization of $878.99 million, a price-to-earnings ratio of 5.21 and a beta of 1.33. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

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

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.