Counterpoint Mutual Funds LLC Invests $289,000 in Sally Beauty Holdings, Inc. (NYSE:SBH)

Counterpoint Mutual Funds LLC acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,687 shares of the specialty retailer’s stock, valued at approximately $289,000.

Several other large investors have also bought and sold shares of the business. FMR LLC boosted its stake in Sally Beauty by 2.6% in the third quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after buying an additional 387,736 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Sally Beauty by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock valued at $38,365,000 after buying an additional 156,580 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Sally Beauty by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock valued at $27,228,000 after buying an additional 59,478 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sally Beauty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,415,875 shares of the specialty retailer’s stock valued at $32,790,000 after buying an additional 43,016 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in Sally Beauty in the fourth quarter valued at about $9,413,000.

Analyst Upgrades and Downgrades

SBH has been the topic of several research analyst reports. 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 objective on the stock. DA Davidson cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. TD Cowen raised Sally Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research note on Monday, November 25th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley cut their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and an average target price of $12.70.

Sally Beauty Price Performance

Shares of SBH opened at $8.77 on Wednesday. Sally Beauty Holdings, Inc. has a 1 year low of $8.52 and a 1 year high of $14.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. The company has a market capitalization of $893.73 million, a price-to-earnings ratio of 5.25 and a beta of 1.54. The business has a 50-day moving average of $9.99 and a 200-day moving average of $11.74.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data 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 company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. As a group, equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

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.