Sapience Investments LLC grew its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 747,990 shares of the specialty retailer’s stock after buying an additional 127,000 shares during the period. Sally Beauty accounts for about 1.9% of Sapience Investments LLC’s investment portfolio, making the stock its 18th largest position. Sapience Investments LLC owned about 0.60% of Sally Beauty worth $14,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $185,000. GSA Capital Partners LLP bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $197,000. Invictus RG bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $202,000. Koch Industries Inc. bought a new stake in shares of Sally Beauty during the fourth quarter valued at approximately $231,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Sally Beauty during the third quarter valued at approximately $261,000.
Sally Beauty Holdings, Inc. (SBH) opened at $17.49 on Monday. Sally Beauty Holdings, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $21.36. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.38. The firm has a market cap of $2,188.05, a price-to-earnings ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 0.37.
Several research firms have recently issued reports on SBH. ValuEngine cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Robert W. Baird set a $21.00 price objective on shares of Sally Beauty and gave the company a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, January 17th. BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.
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About Sally Beauty
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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