Renaissance Technologies LLC Buys Shares of 645,525 Sally Beauty Holdings, Inc. (NYSE:SBH)

Renaissance Technologies LLC acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 645,525 shares of the specialty retailer's stock, valued at approximately $6,746,000. Renaissance Technologies LLC owned 0.63% of Sally Beauty as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of Sally Beauty by 119.1% during the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares in the last quarter. R Squared Ltd acquired a new stake in Sally Beauty during the 4th quarter worth about $56,000. KBC Group NV increased its holdings in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 2,764 shares during the period. Wealth Advisory Solutions LLC purchased a new stake in shares of Sally Beauty in the fourth quarter worth approximately $105,000. Finally, EMC Capital Management boosted its holdings in shares of Sally Beauty by 105.5% during the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock worth $131,000 after purchasing an additional 6,436 shares during the period.

Sally Beauty Stock Up 0.3 %

NYSE SBH traded up $0.03 during trading on Thursday, hitting $7.96. 569,875 shares of the company traded hands, compared to its average volume of 1,747,851. The company has a market capitalization of $811.04 million, a P/E ratio of 4.77 and a beta of 1.35. The business has a fifty day simple moving average of $8.77 and a 200 day simple moving average of $10.90. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson cut their target price on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Canaccord Genuity Group assumed coverage on Sally Beauty in a report on Thursday, January 16th. They set a "buy" rating and a $14.00 price objective for the company. Morgan Stanley lowered their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.70.

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.