Gabelli Funds LLC Purchases 33,328 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Gabelli Funds LLC lifted its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 559,728 shares of the specialty retailer’s stock after buying an additional 33,328 shares during the quarter. Gabelli Funds LLC owned approximately 0.55% of Sally Beauty worth $5,849,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lightrock Netherlands B.V. bought a new stake in Sally Beauty during the 4th quarter valued at $9,413,000. Ranmore Fund Management Ltd bought a new stake in Sally Beauty during the fourth quarter valued at about $8,517,000. Invesco Ltd. grew 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 last quarter. Renaissance Technologies LLC bought a new position in Sally Beauty in the fourth quarter worth about $6,746,000. Finally, Trexquant Investment LP lifted its position 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 valued at $9,083,000 after buying an additional 581,877 shares during the last quarter.

Wall Street Analysts Forecast Growth

SBH has been the subject of several recent analyst reports. DA Davidson reduced their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley reduced 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. Canaccord Genuity Group assumed coverage on Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.70.

Sally Beauty Price Performance

NYSE SBH opened at $8.10 on Friday. The company has a market cap of $826.03 million, a price-to-earnings ratio of 4.85 and a beta of 1.35. 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 stock’s fifty day moving average price is $8.88 and its 200 day moving average price is $11.05. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79.

Sally Beauty (NYSE:SBH) last announced 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. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, equities research analysts forecast 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.