Schonfeld Strategic Advisors LLC grew its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,116.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,981 shares of the specialty retailer's stock after acquiring an additional 213,821 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.23% of Sally Beauty worth $2,435,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in shares of Sally Beauty by 119.1% during the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 2,012 shares during the last quarter. R Squared Ltd acquired a new position in shares of Sally Beauty during the fourth quarter worth approximately $56,000. KBC Group NV increased its holdings in Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 2,764 shares in the last quarter. Wealth Advisory Solutions LLC bought a new position in Sally Beauty in the 4th quarter valued at about $105,000. Finally, Quarry LP boosted its position in Sally Beauty by 302.2% in the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after buying an additional 9,006 shares in the last quarter.
Sally Beauty Trading Up 1.4 %
Sally Beauty stock traded up $0.12 during midday trading on Wednesday, reaching $8.06. 1,705,465 shares of the stock traded hands, compared to its average volume of 1,779,389. 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. The firm has a market cap of $821.24 million, a PE ratio of 4.82 and a beta of 1.33. The company has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $10.57.
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 net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $937.90 million for the quarter, compared to analyst estimates of $941.44 million. Research analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on SBH. Morgan Stanley dropped their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. Canaccord Genuity Group began coverage on Sally Beauty in a research note on Thursday, January 16th. They issued a "buy" rating and a $14.00 price target for the company. DA Davidson lowered 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 note on Tuesday, February 18th. Finally, StockNews.com upgraded Sally Beauty from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.70.
Check Out Our Latest Research Report on Sally Beauty
About Sally Beauty
(
Free Report)
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.
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