Schonfeld Strategic Advisors LLC lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 1,116.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 232,981 shares of the specialty retailer's stock after buying an additional 213,821 shares during the period. Schonfeld Strategic Advisors LLC owned 0.23% of Sally Beauty worth $2,435,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. lifted 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 worth $39,000 after purchasing an additional 2,012 shares during the period. R Squared Ltd purchased a new position in Sally Beauty during the fourth quarter worth about $56,000. KBC Group NV boosted its stake in Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock worth $61,000 after buying an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new position in shares of Sally Beauty during the 4th quarter valued at about $105,000. Finally, Quarry LP lifted its holdings in shares of Sally Beauty by 302.2% during the 4th quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock worth $125,000 after acquiring an additional 9,006 shares during the period.
Sally Beauty Stock Down 1.8 %
NYSE:SBH traded down $0.15 during mid-day trading on Friday, hitting $8.20. The company had a trading volume of 2,215,466 shares, compared to its average volume of 1,780,998. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The business has a fifty day simple moving average of $8.51 and a 200-day simple moving average of $10.50. 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 capitalization of $836.02 million, a price-to-earnings ratio of 4.91 and a beta of 1.33.
Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $937.90 million during the quarter, compared to analysts' expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. Equities analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on SBH. Canaccord Genuity Group began coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They set a "buy" rating and a $14.00 price target for the company. Morgan Stanley cut their target price on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a "neutral" rating for the company in a research report 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sally Beauty presently has a consensus rating of "Hold" and an average price target of $12.70.
Get Our Latest Stock Analysis 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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