Quarry LP Purchases 9,006 Shares of Sally Beauty Holdings, Inc. (NYSE:SBH)

Quarry LP lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 302.2% in the fourth quarter, HoldingsChannel reports. The fund owned 11,986 shares of the specialty retailer’s stock after acquiring an additional 9,006 shares during the period. Quarry LP’s holdings in Sally Beauty were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SBH. Federated Hermes Inc. grew its stake in shares of 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 acquiring an additional 2,012 shares during the period. R Squared Ltd purchased a new stake in shares of Sally Beauty during the 4th quarter worth approximately $56,000. KBC Group NV raised its holdings in shares of Sally Beauty by 89.0% during 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 in the last quarter. Wealth Advisory Solutions LLC purchased a new stake in shares of Sally Beauty during the 4th quarter worth approximately $105,000. Finally, EMC Capital Management raised its holdings in Sally Beauty by 105.5% during the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 6,436 shares during the period.

Wall Street Analyst Weigh In

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

Sally Beauty Trading Up 3.5 %

Shares of Sally Beauty stock opened at $8.06 on Tuesday. 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. The firm has a market capitalization of $821.75 million, a price-to-earnings ratio of 4.83 and a beta of 1.35. The firm’s 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $10.77.

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

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.