Sally Beauty Holdings, Inc. (NYSE:SBH) Stock Holdings Increased by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 22,060.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,376 shares of the specialty retailer’s stock after purchasing an additional 24,266 shares during the quarter. AlphaQuest LLC’s holdings in Sally Beauty were worth $255,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Lightrock Netherlands B.V. acquired a new position in Sally Beauty during the 4th quarter valued at about $9,413,000. FMR LLC boosted its holdings in shares of 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 acquiring an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sally Beauty by 306.7% during the third quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock valued at $4,634,000 after acquiring an additional 257,510 shares during the period. Amundi raised its holdings in Sally Beauty by 1,215.4% during the fourth quarter. Amundi now owns 237,700 shares of the specialty retailer’s stock worth $2,555,000 after purchasing an additional 219,630 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position 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 worth $38,365,000 after purchasing an additional 156,580 shares during the period.

Sally Beauty Trading Up 1.8 %

NYSE SBH opened at $9.14 on Friday. The firm’s 50 day moving average price is $10.07 and its two-hundred day moving average price is $11.81. The stock has a market cap of $931.35 million, a price-to-earnings ratio of 5.47 and a beta of 1.54. Sally Beauty Holdings, Inc. has a twelve month low of $8.52 and a twelve month high of $14.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group assumed coverage on shares of Sally Beauty in a report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price target for the company. Morgan Stanley lowered their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Finally, TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price 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.