Invenomic Capital Management LP Has $7.58 Million Stake in Sally Beauty Holdings, Inc. (NYSE:SBH)

Invenomic Capital Management LP raised its position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 43.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 725,691 shares of the specialty retailer’s stock after purchasing an additional 220,320 shares during the quarter. Invenomic Capital Management LP owned 0.71% of Sally Beauty worth $7,583,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Sally Beauty by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 12,428,715 shares of the specialty retailer’s stock valued at $129,880,000 after buying an additional 279,222 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Sally Beauty by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,049,732 shares of the specialty retailer’s stock valued at $42,316,000 after purchasing an additional 459,972 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in shares of Sally Beauty by 5.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,022,723 shares of the specialty retailer’s stock worth $42,037,000 after purchasing an additional 214,108 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Sally Beauty by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,671,306 shares of the specialty retailer’s stock worth $38,365,000 after purchasing an additional 156,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Sally Beauty by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,605,586 shares of the specialty retailer’s stock worth $27,228,000 after purchasing an additional 59,478 shares during the period.

Sally Beauty Stock Performance

SBH opened at $8.20 on Friday. The stock has a 50-day moving average of $8.51 and a 200-day moving average of $10.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a 52-week low of $7.54 and a 52-week high of $14.79. The company has a market cap of $836.02 million, a PE ratio of 4.91 and a beta of 1.33.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBH. Canaccord Genuity Group started coverage on shares of Sally Beauty in a research report on Thursday, January 16th. They issued a “buy” rating and a $14.00 target price for the company. StockNews.com raised Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. DA Davidson lowered their target price on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley reduced their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and a consensus price target 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.