New York State Common Retirement Fund Buys 117,921 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

New York State Common Retirement Fund boosted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 565,444 shares of the specialty retailer's stock after acquiring an additional 117,921 shares during the period. New York State Common Retirement Fund owned approximately 0.53% of Sally Beauty worth $7,509,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sally Beauty by 6.0% during the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer's stock valued at $115,075,000 after purchasing an additional 780,329 shares during the period. Raymond James & Associates acquired a new position in Sally Beauty in the fourth quarter worth about $3,744,000. Invesco Ltd. grew its stake in shares of Sally Beauty by 20.7% in the 3rd quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer's stock valued at $6,749,000 after purchasing an additional 137,976 shares during the period. Duality Advisers LP grew its position in Sally Beauty by 234.9% in the third quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer's stock valued at $1,098,000 after acquiring an additional 91,915 shares during the period. 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 valued at $5,273,000 after purchasing an additional 96,169 shares during the last quarter.

Wall Street Analysts Forecast Growth

SBH has been the subject of a number of research analyst reports. Piper Sandler cut 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 raised their price target on Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, TD Cowen cut their target price on shares of Sally Beauty from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.00.

Sally Beauty Stock Down 1.6 %

Shares of SBH traded down $0.17 during mid-day trading on Friday, hitting $10.78. 923,407 shares of the company's stock were exchanged, compared to its average volume of 1,412,675. The company has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $11.34. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45. The company has a market cap of $1.13 billion, a PE ratio of 7.01 and a beta of 1.49. Sally Beauty Holdings, Inc. has a 52 week low of $7.21 and a 52 week high of $14.23.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $931.30 million for the quarter, compared to analyst estimates of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, research analysts forecast that Sally Beauty Holdings, Inc. will post 1.87 earnings per share 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.