SummerHaven Investment Management LLC Has $656,000 Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

SummerHaven Investment Management LLC raised its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,690 shares of the specialty retailer’s stock after buying an additional 1,323 shares during the quarter. SummerHaven Investment Management LLC owned 0.07% of Sally Beauty worth $656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in shares of Sally Beauty by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 19,181 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 1,069 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Sally Beauty by 8.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,395 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 1,090 shares during the period. Federated Hermes Inc. raised its holdings in Sally Beauty by 119.1% in the 4th quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 2,012 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sally Beauty by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,569 shares of the specialty retailer’s stock valued at $612,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Sally Beauty by 5.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 60,466 shares of the specialty retailer’s stock worth $632,000 after acquiring an additional 3,189 shares during the period.

Wall Street Analyst Weigh In

SBH has been the topic of a number of research reports. Wall Street Zen cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. DA Davidson decreased their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.70.

Sally Beauty Trading Down 2.1%

Shares of SBH opened at $8.97 on Friday. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The stock has a market cap of $905.02 million, a PE ratio of 5.37 and a beta of 1.25. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The stock has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $9.84.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $883.15 million for the quarter, compared to analysts’ expectations of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. On average, sell-side analysts predict that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.