Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by SG Capital Management LLC

SG Capital Management LLC decreased its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 27.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 615,087 shares of the specialty retailer's stock after selling 228,308 shares during the period. SG Capital Management LLC owned approximately 0.60% of Sally Beauty worth $6,428,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. raised its stake 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 purchasing an additional 2,012 shares during the period. R Squared Ltd purchased a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $56,000. KBC Group NV raised its stake in shares of Sally Beauty by 89.0% during the fourth 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 during the fourth quarter valued at approximately $105,000. Finally, Quarry LP raised its stake in shares of Sally Beauty by 302.2% during the fourth quarter. Quarry LP now owns 11,986 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 9,006 shares during the period.

Analyst Ratings Changes

SBH has been the topic of a number of analyst reports. StockNews.com upgraded shares of Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on shares of Sally Beauty from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.70.

Sally Beauty Stock Down 1.2%

Shares of SBH stock traded down $0.11 during mid-day trading on Monday, reaching $9.06. 1,225,363 shares of the company were exchanged, compared to its average volume of 1,803,187. Sally Beauty Holdings, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. The company has a market capitalization of $914.10 million, a P/E ratio of 5.43 and a beta of 1.33. The business's 50 day simple moving average is $8.52 and its 200 day simple moving average is $10.33.

Sally Beauty (NYSE:SBH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. The business had revenue of $883.15 million during the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the company earned $0.35 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current 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.