Cubist Systematic Strategies LLC Increases Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Cubist Systematic Strategies LLC grew its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 56.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,014,186 shares of the specialty retailer’s stock after purchasing an additional 365,445 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 1.00% of Sally Beauty worth $10,598,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Lightrock Netherlands B.V. purchased a new position in shares of Sally Beauty during the fourth quarter worth approximately $9,413,000. Ranmore Fund Management Ltd purchased a new position in Sally Beauty during the 4th quarter worth $8,517,000. Invesco Ltd. increased its stake in Sally Beauty by 102.1% in the fourth quarter. Invesco Ltd. now owns 1,418,465 shares of the specialty retailer’s stock valued at $14,823,000 after purchasing an additional 716,613 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Sally Beauty in the fourth quarter valued at about $6,746,000. Finally, Trexquant Investment LP boosted its stake in shares of Sally Beauty by 202.5% during the fourth quarter. Trexquant Investment LP now owns 869,154 shares of the specialty retailer’s stock worth $9,083,000 after buying an additional 581,877 shares during the period.

Sally Beauty Trading Down 0.7 %

Shares of Sally Beauty stock opened at $7.96 on Wednesday. The company has a 50-day moving average of $8.55 and a two-hundred day moving average of $10.59. The stock has a market cap of $811.96 million, a PE ratio of 4.77 and a beta of 1.33. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. Sally Beauty Holdings, Inc. has a 12-month low of $7.54 and a 12-month high of $14.79.

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 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 analysts’ expectations of $941.44 million. On average, research analysts anticipate that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SBH shares. Morgan Stanley dropped their price target 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 cut their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.70.

About Sally Beauty

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.