Vanguard Group Inc. Acquires 780,329 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Vanguard Group Inc. lifted its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,732,079 shares of the specialty retailer's stock after acquiring an additional 780,329 shares during the quarter. Vanguard Group Inc. owned approximately 12.86% of Sally Beauty worth $115,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Yousif Capital Management LLC increased its stake in shares of Sally Beauty by 0.8% in the first quarter. Yousif Capital Management LLC now owns 103,797 shares of the specialty retailer's stock worth $1,622,000 after acquiring an additional 785 shares during the last quarter. Royal Bank of Canada increased its position in Sally Beauty by 18.3% during the first quarter. Royal Bank of Canada now owns 7,037 shares of the specialty retailer's stock worth $110,000 after buying an additional 1,091 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Sally Beauty by 30.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the specialty retailer's stock worth $64,000 after buying an additional 1,208 shares during the last quarter. ProShare Advisors LLC increased its position in Sally Beauty by 8.0% during the second quarter. ProShare Advisors LLC now owns 16,774 shares of the specialty retailer's stock worth $207,000 after buying an additional 1,240 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Sally Beauty by 34.2% during the first quarter. Captrust Financial Advisors now owns 5,036 shares of the specialty retailer's stock worth $79,000 after buying an additional 1,282 shares during the last quarter.

Wall Street Analyst Weigh In

SBH has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of Sally Beauty from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 19th. DA Davidson upped their price target on shares of Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th.

Sally Beauty Stock Performance

SBH stock traded down $0.02 during mid-day trading on Thursday, reaching $11.04. 1,657,280 shares of the stock traded hands, compared to its average volume of 1,487,718. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. Sally Beauty Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $15.17. The business has a 50-day moving average of $12.54 and a two-hundred day moving average of $10.96. The firm has a market capitalization of $1.16 billion, a PE ratio of 7.03 and a beta of 1.46.

Sally Beauty (NYSE:SBH - Get Free Report) last released its earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The business had revenue of $931.30 million during the quarter, compared to analysts' expectations of $929.49 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm's revenue was down 2.7% on a year-over-year basis. As a group, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.87 EPS for the current fiscal year.

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.