SG Americas Securities LLC Purchases Shares of 10,252 Sally Beauty Holdings, Inc. (NYSE:SBH)

SG Americas Securities LLC bought a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,252 shares of the specialty retailer’s stock, valued at approximately $136,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Sally Beauty by 6.0% in the third quarter. Vanguard Group Inc. now owns 13,732,079 shares of the specialty retailer’s stock worth $115,075,000 after acquiring an additional 780,329 shares in the last quarter. Invesco Ltd. grew its position in Sally Beauty by 20.7% in the third quarter. Invesco Ltd. now owns 805,398 shares of the specialty retailer’s stock worth $6,749,000 after acquiring an additional 137,976 shares in the last quarter. Duality Advisers LP grew its position in Sally Beauty by 234.9% in the third quarter. Duality Advisers LP now owns 131,046 shares of the specialty retailer’s stock worth $1,098,000 after acquiring an additional 91,915 shares in the last quarter. CenterBook Partners LP grew its position in Sally Beauty by 18.0% in the third quarter. CenterBook Partners LP now owns 629,200 shares of the specialty retailer’s stock worth $5,273,000 after acquiring an additional 96,169 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Sally Beauty by 64.8% during the third quarter. Schroder Investment Management Group now owns 3,601,790 shares of the specialty retailer’s stock valued at $30,183,000 after buying an additional 1,416,485 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. DA Davidson boosted their target price on Sally Beauty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Piper Sandler lowered their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $10.35 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 2.20. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.59 and a beta of 1.46. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.13. Sally Beauty Holdings, Inc. has a 52-week low of $7.21 and a 52-week high of $14.64.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $931.30 million during the quarter, compared to the consensus estimate of $929.49 million. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. Sally Beauty’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.87 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.