Gabelli Funds LLC Has $5.85 Million Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

Gabelli Funds LLC boosted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 559,728 shares of the specialty retailer's stock after buying an additional 33,328 shares during the period. Gabelli Funds LLC owned approximately 0.55% of Sally Beauty worth $5,849,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its holdings 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 purchasing an additional 56,879 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer's stock valued at $32,790,000 after purchasing an additional 43,016 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Sally Beauty by 5.4% in the third quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer's stock valued at $1,299,000 after buying an additional 5,296 shares in the last quarter. DGS Capital Management LLC increased its holdings in Sally Beauty by 6.0% during the third quarter. DGS Capital Management LLC now owns 45,529 shares of the specialty retailer's stock worth $618,000 after buying an additional 2,575 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Sally Beauty by 3.8% in the third quarter. Principal Financial Group Inc. now owns 529,852 shares of the specialty retailer's stock valued at $7,190,000 after acquiring an additional 19,153 shares during the last quarter.

Wall Street Analyst Weigh In

SBH has been the topic of a number of research analyst reports. StockNews.com raised shares of Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. DA Davidson dropped 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. Morgan Stanley dropped their target price on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group started coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.70.

Sally Beauty Stock Performance

Sally Beauty stock traded up $0.12 during trading hours on Wednesday, hitting $8.21. The company had a trading volume of 659,715 shares, compared to its average volume of 2,406,698. The firm has a market cap of $837.04 million, a PE ratio of 4.92 and a beta of 1.35. 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 one year low of $7.54 and a one year high of $14.79. The firm has a 50-day moving average of $8.79 and a 200 day moving average of $10.92.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. On average, sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current 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.