Acuitas Investments LLC Lowers Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Acuitas Investments LLC trimmed its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,874 shares of the specialty retailer's stock after selling 139,716 shares during the period. Acuitas Investments LLC owned 0.13% of Sally Beauty worth $1,791,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Sally Beauty by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer's stock worth $115,075,000 after purchasing an additional 780,329 shares during the last quarter. Raymond James & Associates acquired a new stake in Sally Beauty during the 4th quarter worth approximately $3,744,000. Invesco Ltd. lifted its holdings in Sally Beauty by 20.7% during the 3rd quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer's stock worth $6,749,000 after purchasing an additional 137,976 shares during the last quarter. Duality Advisers LP lifted its holdings in Sally Beauty by 234.9% during the 3rd quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer's stock worth $1,098,000 after purchasing an additional 91,915 shares during the last quarter. Finally, CenterBook Partners LP lifted its holdings in Sally Beauty by 18.0% during the 3rd quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer's stock worth $5,273,000 after purchasing an additional 96,169 shares during the last quarter.

Sally Beauty Price Performance

NYSE SBH traded up $0.12 during midday trading on Friday, hitting $11.00. The company had a trading volume of 679,384 shares, compared to its average volume of 1,429,910. The company has a market capitalization of $1.15 billion, a PE ratio of 7.00 and a beta of 1.46. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average price of $11.90 and a 200-day moving average price of $11.22. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $14.42.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $931.30 million during the quarter, compared to analysts' expectations of $929.49 million. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. As a group, analysts anticipate that Sally Beauty Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler dropped their price target on Sally Beauty from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, March 19th. DA Davidson lifted their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. Finally, TD Cowen dropped their price target on Sally Beauty from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

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.