Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Ghe LLC

Ghe LLC lessened its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 21.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,147 shares of the specialty retailer’s stock after selling 3,637 shares during the quarter. Ghe LLC’s holdings in Sally Beauty were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jupiter Asset Management Ltd. raised its stake in Sally Beauty by 66.2% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,988,147 shares of the specialty retailer’s stock valued at $33,421,000 after purchasing an additional 1,588,147 shares during the last quarter. Schroder Investment Management Group raised its stake in Sally Beauty by 64.8% in 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 purchasing an additional 1,416,485 shares during the last quarter. Vanguard Group Inc. raised its stake in Sally Beauty by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock valued at $115,075,000 after purchasing an additional 780,329 shares during the last quarter. FMR LLC raised its stake in Sally Beauty by 3.2% in the 3rd quarter. FMR LLC now owns 16,165,414 shares of the specialty retailer’s stock valued at $135,466,000 after purchasing an additional 493,923 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Sally Beauty by 196.8% in the 3rd quarter. AQR Capital Management LLC now owns 718,340 shares of the specialty retailer’s stock valued at $6,020,000 after buying an additional 476,303 shares during the period.

Sally Beauty Trading Down 1.7 %

Shares of NYSE:SBH traded down $0.19 during trading on Wednesday, reaching $10.91. 1,046,916 shares of the stock were exchanged, compared to its average volume of 1,443,151. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.61. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 6.95 and a beta of 1.46. The firm’s 50-day moving average price is $12.01 and its 200 day moving average price is $11.23.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Sally Beauty had a return on equity of 37.78% and a net margin of 4.66%. The business had revenue of $931.30 million during the quarter, compared to analysts’ expectations of $929.49 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Sally Beauty Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. DA Davidson lifted their price target on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Finally, Piper Sandler lowered their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Sally Beauty Company 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.