B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Sally Beauty Holdings, Inc. (NYSE:SBH)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,806 shares of the specialty retailer’s stock, valued at approximately $771,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Sally Beauty during the first quarter valued at approximately $64,000. nVerses Capital LLC bought a new position in Sally Beauty in the 3rd quarter valued at $94,000. Quest Partners LLC increased its stake in shares of Sally Beauty by 16,095.6% in the 2nd quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares during the period. Algert Global LLC bought a new stake in shares of Sally Beauty during the second quarter worth $113,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sally Beauty during the second quarter valued at $117,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBH. DA Davidson lifted their price objective on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Raymond James raised shares of Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Morgan Stanley raised their price objective on shares of Sally Beauty from $8.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, November 15th. TD Cowen upped their target price on shares of Sally Beauty from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.00.

Sally Beauty Price Performance

Shares of NYSE SBH opened at $12.97 on Friday. Sally Beauty Holdings, Inc. has a 52-week low of $9.06 and a 52-week high of $14.36. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.45 and a current ratio of 2.20. The stock has a market cap of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.53. The firm has a 50 day moving average price of $13.05 and a 200 day moving average price of $11.96.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 14th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Sally Beauty had a net margin of 4.13% and a return on equity of 31.37%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $935.88 million. During the same quarter in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Sally Beauty Holdings, Inc. will post 1.84 EPS 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.