Sally Beauty Holdings, Inc. (NYSE:SBH) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 8,891.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,804,102 shares of the specialty retailer's stock after acquiring an additional 2,772,915 shares during the quarter. Victory Capital Management Inc. owned about 2.67% of Sally Beauty worth $37,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. grew its holdings in shares of Sally Beauty by 66.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,988,147 shares of the specialty retailer's stock worth $33,421,000 after purchasing an additional 1,588,147 shares during the period. Schroder Investment Management Group boosted its holdings in Sally Beauty by 64.8% during the 3rd quarter. Schroder Investment Management Group now owns 3,601,790 shares of the specialty retailer's stock valued at $30,183,000 after acquiring an additional 1,416,485 shares during the period. Vanguard Group Inc. boosted 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 valued at $115,075,000 after acquiring an additional 780,329 shares during the period. FMR LLC boosted its holdings in Sally Beauty by 3.2% during the 3rd quarter. FMR LLC now owns 16,165,414 shares of the specialty retailer's stock valued at $135,466,000 after acquiring an additional 493,923 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Sally Beauty by 196.8% during the 3rd quarter. AQR Capital Management LLC now owns 718,340 shares of the specialty retailer's stock valued at $6,020,000 after acquiring an additional 476,303 shares during the period.

Sally Beauty Stock Down 0.1 %

Shares of NYSE SBH traded down $0.01 during midday trading on Tuesday, hitting $10.59. 1,339,522 shares of the company's stock were exchanged, compared to its average volume of 1,409,104. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.20 and a quick ratio of 0.45. Sally Beauty Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $13.91. The company has a market cap of $1.11 billion, a PE ratio of 6.75 and a beta of 1.49. The firm's fifty day simple moving average is $11.54 and its 200-day simple moving average is $11.42.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Piper Sandler lowered their target price on Sally Beauty from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, March 19th. Finally, TD Cowen lowered their target price 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.00.

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.