AlphaCrest Capital Management LLC lifted its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) by 91.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,596 shares of the specialty retailer’s stock after buying an additional 31,788 shares during the period. AlphaCrest Capital Management LLC owned about 0.06% of Sally Beauty worth $1,229,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Sally Beauty by 43.4% during the third quarter. US Bancorp DE now owns 1,881 shares of the specialty retailer’s stock worth $32,000 after buying an additional 569 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Sally Beauty by 65.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,001 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 794 shares during the last quarter. Huntington National Bank grew its stake in shares of Sally Beauty by 39.8% in the fourth quarter. Huntington National Bank now owns 3,768 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 1,072 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Sally Beauty in the fourth quarter worth $89,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Sally Beauty in the third quarter worth $109,000.
Several brokerages recently weighed in on SBH. Cowen reduced their price objective on shares of Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Oppenheimer cut shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 5th. Zacks Investment Research cut shares of Sally Beauty from a “hold” rating to a “strong sell” rating and set a $13.00 price objective on the stock. in a research note on Tuesday. DA Davidson cut their price target on shares of Sally Beauty from $22.00 to $19.50 in a research report on Friday, February 4th. Finally, Cowen cut their price target on shares of Sally Beauty from $30.00 to $20.00 in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.58.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The company had revenue of $911.40 million for the quarter, compared to the consensus estimate of $951.20 million. Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. Sally Beauty’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. On average, analysts anticipate that Sally Beauty Holdings, Inc. will post 2.39 earnings per share for the current fiscal year.
About Sally Beauty (Get Rating)
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.
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