ArrowMark Colorado Holdings LLC Buys 214,108 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

ArrowMark Colorado Holdings LLC grew its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,022,723 shares of the specialty retailer’s stock after purchasing an additional 214,108 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Sally Beauty were worth $42,037,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. raised its holdings in 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 buying an additional 2,012 shares during the period. R Squared Ltd purchased a new stake in shares of Sally Beauty in the fourth quarter valued at $56,000. KBC Group NV lifted its holdings in shares of 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 acquiring an additional 2,764 shares during the last quarter. Wealth Advisory Solutions LLC purchased a new position in shares of Sally Beauty during the 4th quarter worth about $105,000. Finally, Quarry LP grew its holdings in Sally Beauty by 302.2% during the 4th 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 last quarter.

Sally Beauty Trading Up 1.6 %

Shares of NYSE SBH opened at $8.21 on Friday. Sally Beauty Holdings, Inc. has a twelve month low of $7.54 and a twelve month high of $14.79. The firm has a market cap of $837.04 million, a PE ratio of 4.92 and a beta of 1.35. The business has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $10.67. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to the consensus estimate of $941.44 million. Analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBH. Morgan Stanley dropped their target price on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group started coverage on Sally Beauty in a research report on Thursday, January 16th. They set a “buy” rating and a $14.00 target price for the company. Finally, DA Davidson cut their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.70.

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.