Gotham Asset Management LLC Boosts Stock Position in Sally Beauty Holdings, Inc. (NYSE:SBH)

Gotham Asset Management LLC increased its stake in Sally Beauty Holdings, Inc. (NYSE:SBH) by 33.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,632 shares of the specialty retailer’s stock after buying an additional 22,819 shares during the period. Gotham Asset Management LLC owned 0.09% of Sally Beauty worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBH. Barclays PLC grew its stake in shares of Sally Beauty by 36.6% in the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after buying an additional 56,879 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock worth $1,299,000 after buying an additional 5,296 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 last quarter. KBC Group NV grew its stake in shares of Sally Beauty by 89.0% in the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock worth $61,000 after buying an additional 2,764 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Sally Beauty in the 4th quarter worth approximately $56,000.

Sally Beauty Price Performance

NYSE SBH opened at $9.17 on Friday. The business’s fifty day moving average price is $8.52 and its 200-day moving average price is $10.38. The stock has a market capitalization of $934.92 million, a price-to-earnings ratio of 5.49 and a beta of 1.33. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 0.44. 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 released its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $883.15 million for the quarter, compared to analysts’ expectations of $901.00 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SBH shares. DA Davidson lowered their price objective on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price objective 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. Finally, StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price of $12.70.

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.