26,120 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Olympiad Research LP

Olympiad Research LP acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 26,120 shares of the specialty retailer’s stock, valued at approximately $273,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lightrock Netherlands B.V. purchased a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $9,413,000. FMR LLC raised its position in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after purchasing an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sally Beauty by 306.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after buying an additional 257,510 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Sally Beauty by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,108 shares of the specialty retailer’s stock worth $34,551,000 after buying an additional 80,712 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Sally Beauty during the third quarter valued at $1,080,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SBH shares. Morgan Stanley lowered their price objective on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. DA Davidson lowered their price target on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. TD Cowen raised shares of Sally Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, November 25th. StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Sally Beauty has a consensus rating of “Hold” and an average price target of $12.70.

Sally Beauty Trading Down 4.1 %

NYSE SBH opened at $8.94 on Monday. The firm has a market cap of $910.92 million, a PE ratio of 5.35 and a beta of 1.55. Sally Beauty Holdings, Inc. has a 52 week low of $8.88 and a 52 week high of $14.79. The company has a quick ratio of 0.44, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average price of $10.70 and a 200 day moving average price of $12.13.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The firm had revenue of $937.90 million during the quarter, compared to analyst estimates of $941.44 million. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 EPS for the current fiscal 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.